- July 19, 2018
- Posted by: mmila
- Category: Uncategorized
Kellogg Co. Chairman and CEO Steven Cahillane has become the latest head of a large American consumer products company to buy a mansion in Lincoln Park, paying $5.625 million in May for a five-bedroom, 7,800-square-foot limestone and brick home. He is also the latest senior executive at Kellogg to buy in the Chicago area.
Cahillane, who became Battle Creek, Mich.-based Kellogg’s CEO last fall, joins the heads of S.C. Johnson & Son and Kraft Heinz in recently purchasing mansions in Lincoln Park. In July 2016, S.C. Johnson Chairman and CEO Fisk Johnson paid $8.3 million for a newly built, six-bedroom, 10,500-square-foot mansion in Lincoln Park. In January 2017, Kraft Heinz CEO Bernardo Hees was the person behind the $7.2 million purchase of a five-bedroom, 9,200-square-foot vintage brick mansion in Lincoln Park.
Now, Cahillane and his wife, Tracy, have purchased their Lincoln Park mansion, which was built in 2009 and is situated on an extra-wide lot. Features include six baths, a five-stop elevator, a master suite with a dressing room and a morning kitchen, a library, a game and media room, a wine room, coffered ceilings, walnut and stone floors, and a kitchen with two Sub-Zero refrigerators, a farmers sink and Waterworks fixtures. Outdoor features include an attached, four-car garage, two outdoor areas with full kitchens and a wood-burning fireplace and a roof deck with a pergola.
With the purchase, Cahillane joins other Kellogg senior executives with Chicago homes. In 2016, Elite Street first reported that Deanie Elsner, the president of Kellogg’s U.S. snacks business, paid $1.05 million for a small bungalow in Wilmette, which Elsner razed and replaced with a large new home. And in January, Wolfgang Koenig, who is Kellogg’s president of U.S. Morning Foods, paid $1.705 million for a six-bedroom, 4,630-square-foot vintage brick Tudor-style home in Kenilworth.
In February 2017, Kellogg opened a new office in the Merchandise Mart, housing some 50 employees in its global growth and IT departments and consolidating workers who had been in other smaller offices downtown. Does the situating of so many Kellogg senior execs in the Chicago area portend an eventual headquarters move for Kellogg from Battle Creek to Chicago?
A Kellogg spokesperson dismissed such talk.
“Battle Creek is our global headquarters and will remain so,” company spokesperson Kris Charles said. “As a global company, we also have offices in several cities, including Chicago.”
Bob Goldsborough is a freelance reporter.