Walgreens to Sell Most of Deerfield Headquarters Campus
Walgreens Boots Alliance is putting most of its Deerfield, IL headquarters campus up for sale and consolidating workers into the remaining portion, reported Crain’s Chicago Business. The retailer is joining the crowd of major corporations slashing their office footprints as remote work reshapes their space needs.
The company plans to sell its office properties at 200 and 300 Wilmot Rd. in the northern suburb and combine its workers on the campus into a series of buildings at 100 Wilmot Rd., a Walgreens spokesman told Crain’s. The move will allow the drugstore giant to shed roughly two-thirds of its 40-plus-acre campus along Interstate 294, where it has been based since 1975.
Following in the footsteps of Allstate and Baxter International, both of which sold their headquarters for repurposing as industrial, the Walgreens move could tee up another redevelopment of the property into something entirely different, or perhaps add hundreds of thousands of square feet of available inventory to a suburban office market that already is saddled with a record amount of vacancies.