InvenTrust to Downsize HQ in Suburban Chicago
April 21, 2017 | by Veronica Grecu | Commercial Property Executive
Come this summer, InvenTrust Properties Corp. will have a new home in suburban Chicago. The REIT has announced plans to relocate its headquarters into 22,000 square feet of space at the Highland Landmark II building located at 3025 Highland Parkway in Downers Grove. That’s less than half the amount of space the company currently occupies at 2809 Butterfield Road in Oak Brook, Ill.
The smaller corporate headquarters is expected to reduce InvenTrust’s operating expenses while working out more inventive office space, underlying the company’s long-term strategy to become a more disciplined organization focused solely on multi-tenant, open-air retail centers.
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