Electronics parts distributor Newark element14 is moving out of Chicago’s Ravenswood neighborhood after 34 years.
Newark element14 is relocating its offices and about 350 employees to the West Loop. The company said Wednesday it will occupy the 22nd floor and part of the 23rd floor at Riverside Plaza. In all, the company will have 65,000 square feet. The company’s first day in the new offices will be Monday.
Newark element14 said the move will foster better collaboration among the team and help it to better serve customers. The company expects to make several new hires for its sales and engineering teams.
The company sold the lease on its Ravenswood office in May 2014.
Editor’s note: Information about the company’s Ravenswood office was updated from an earlier version.