Thread regarding Sears layoffs

This isn’t going to be sold as commercial space. Since 2019 it has been shopped as a retirement community campus.

Hope the landlord asked for cash up front.

Looks like the answer to "Anyone know where?" is

33 West Monroe Street, Chicago, IL 60603.

This is the address now listed at the bottom of jobs.sears.com .

Eddie picked a heck of a time to be in the commercial real estate game. Office space is selling like rotten not cakes. Financial genius!? And Where did all the Eddie “rah rah” trolls disappear to?

LMAO

"People state that the Sears Hoffman Estates complex was sold." Without evidence to suggest a completed sale, it seems a good assumption it hasn't been sold yet. After all, this is a Sears/Transformco deal, so having the buildings sit empty for years is typical.

Now, they also have claimed redevelopment is a possibility. What high income potential might Eddie unlock by redeveloping the property? With Halloween tomorrow, they missed the possibility for the world's largest haunted house. There's always next year.

Honest to God, why is he still bothering? It cannot be profitable, so what even is the point of keeping this charade going?

People state that the Sears Hoffman Estates complex was sold. I am not here to doubt anyone's word. What I would ask is if anyone can provide any evidence that the building was sold. A reliable statement from someone here that "terms of the sale were not disclosed" would suffice. I find it odd that the announcement of the offer for sale of the building was widely published. The details were released to the press. The sale of the building, which we assume would have provided some talking points for Transformco about "unlocking the value of our real estate portfolio," supposedly occurred with no announcement. What's going on here?

Dollar General stores closing are more likely to get a closing link than Sears nowadays. At least these $5 per article 20something freelance "journalists" actually know what a Dollar General is.

The only place you hear about ESL and Sears anymore is case studies in the world's biggest failure of an owner/CEO ESL is in former Sears' CEO Mark's class at Columbia, and the guy clutching his already cancelled SHLDQ share pearls over at Seeking α .

Actual journalists who've published thousands of links about how ESL is the worst CEO in history have shut up about it, and as we all know, if it's linked it must be true.

I couldn't find any evidence of the property being sold. So yes, it looks like it will sit and rot for an indefinite time, until Transformco lowers the price enough to attract a buyer who just wants the land and has to demolish the buildings.

So will Hoffman Estates sit and rot like the old Kmart headquarters in Troy Michigan?

This is some seriously good stuff that they are dumping. Really NICE office furniture and office equipment.

Sadly, the whole economy and office space demand is contracting now, so they probably will not realize a good price on it.

Did anyone check abandoned public housing?

I assume there's a WeWork in Chicago. They could rent a few cubes month to month. Shouldn't need them long

I've searched the Transformco website, and google. I cannot find where they are moving to.

Everything they'll need at the new location has already been put in the U-haul truck folks!

I honestly thought would be moving it to Kmart's old garden center spot in Miami.

This has a link. I only believe it if there are no links.

We're actually moving to a bigger location which was modernized and it's more suitable for our long term plans of expanding and disrupting retail.

Is there a vacant 7-Eleven nearby? Might answer your question.

The Chicago Ridge store?

Is any office space available at 233 South Wacker Drive?

"Anyone know where?" They found a vacant Subway franchise on the South side.