Allstate in Talks to Return Headquarters to Chicago From Suburbs
- Company sold majority of its campus in the suburbs this year
- A move would follow some high-profile corporate departures
Allstate headquarters in Northbrook, Illinois.
Photographer: Christopher Dilts/BloombergThis article is for subscribers only.
Allstate Corp. is in talks about moving its headquarters to Chicago after selling the majority of its suburban campus earlier this year, potentially returning to a city that it quit decades ago.
The insurer has held discussions with Chicago officials about the potential move, but it has yet to announce a decision, according to people familiar with the matter. Discussions are ongoing and Allstate, which employs more than 7,000 people in Illinois, could still choose a different location for the headquarters. It’s unclear how many people would be affected, since 75% of the company’s employees work from home.