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Transformco Properties is targeting the sites for redevelopment with warehouse, industrial and retail as possibilities for the Regency location.
The planned sale of the sprawling former Sears headquarters in Hoffman Estates is the result of shifting business priorities that have reduced the need for the 30-year-old corporate campus, according to a company statement Wednesday.
Transformco Completes Sale Of Five Kmart Store Leases News provided by Share this article Share this article HOFFMAN ESTATES, Ill., Jan. 15, 2021 /PRNewswire/ -- Transformco Properties has completed the sale/assignment of five Kmart store leases to Target Corporation. The proceeds from these sales will enable Transformco to invest in its go-forward businesses. Terms of the deal were not disclosed. "Transformco continues to pursue opportunities to create value from its real estate portfolio and to partner with retailers, property owners and communities as part of the ongoing reinvention of ...