The 2.4-million-square-foot headquarters developed by Sears in Hoffman Estates 30 ago, as well as 120 surrounding acres, is planned to be put on the market in early 2022, according to village officials.
The company born from the bankruptcy of Sears has informed the village of Hoffman Estates that it intends to put its corporate headquarters and 120 surrounding acres in the Northwest suburb on the market at the start of the new year.
The announcement comes only a month after Transformco closed its last Sears department store in Illinois, at Woodfield Mall in Schaumburg.
Transformco representatives did not immediately respond to a request for comment Tuesday, but Hoffman Estates officials said the company has not indicated what the sale would mean for its presence in the village.
Since its move from Chicago 30 years ago, Sears’ corporate headquarters has consisted of seven interconnected office buildings totaling 2.4 million square feet in western Hoffman Estates. Transformco also owns 120 undeveloped acres around the headquarters.
Hoffman Estates Mayor Bill McLeod and Village Manager Eric Palm said Tuesday that Transformco informed them Monday of plans to list its property for sale after the first of the year.
“Everything that they own would be part of that listing,” Palm said.
McLeod said a change of ownership for the struggling property would likely be positive news.
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