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Allstate Will Sell Majority of Chicago-Area HQ for $232 Million

Allstate headquarters in Northbrook, Illinois.

Allstate headquarters in Northbrook, Illinois.

Photographer: Christopher Dilts/Bloomberg

Allstate Corp. reached an agreement to sell the majority of its headquarters campus for $232 million to Dermody Properties as the insurer adjusts to shifting workplace behavior brought on by the pandemic.

The company announced the agreement in a statement Monday, after disclosing plans to sell the Northbrook, Illinois, property last month. The deal is set to be completed next year, according to the statement.