Allstate To Sell Illinois Headquarters As More Employees Work From Home | Business and Economy
With 95% of its employees working remotely during the pandemic, insurance giant Allstate is selling its longtime Northbrook headquarters.
Allstate told employees on Friday it was bringing the sprawling northern suburb campus to market after 54 years. The company did not disclose plans for a future headquarters, or a potential asking price for its current headquarters.
“Allstate employees have more choices about where to work and many choose to work from home,” Allstate spokesperson Mallory Vasquez said on Friday. “As a result, we will be selling our office in Northbrook but plan to maintain our significant presence in the Chicago area.”
Allstate has been a staple business in Northbrook since 1967 when it moved its offices from Skokie to a six-building complex on a 122-acre campus. The company said Friday that existing Chicago offices at River Point and the Merchandise Mart would be available for employees, but it’s not clear whether Northbrook will still be part of its plans.
âWhen we get back to the office, we’ll determine if additional space is needed in the Northbrook area,â Vasquez said.
Allstate has 7,892 employees in Illinois and more than 44,000 in the United States, according to its website.
The potential sale of Allstate headquarters comes as more major employers push back a return to the office until 2022 amid the ongoing pandemic, with many taking a hybrid approach that will include working from home as an option long-term. In its 2020 annual report, Allstate said 95% of its employees work remotely “while maintaining internal controls and productivity” throughout the year.