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Sears to sell or redevelop its massive corporate office in Chicago

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A sign marks the entrance to the headquarters campus of Sears Holding in Hoffman Estates, Illinois.

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The beleaguered department-store chain Sears is considering a sale or a redevelopment of its massive corporate headquarters in suburban Chicago, as its retail footprint keeps dwindling.

Transformco, the parent company of Sears and Kmart, said it will begin to market the 273-acre property in the suburb of Hoffman Estates, Illinois, to potential buyers early next year. It’s also considering other redevelopment uses for the site.

It’s unclear how many Sears and Kmart employees have been working out of the corporate office, but as of 2017 it housed more than 4,000 workers, according…



Source cnbc.com

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