[New post] A data center firm is expected to close on the Sears campus this month. Then what happens?
Barrington Hills Observer posted: " Sources familiar with efforts to market the former Sears headquarters in Hoffman Estates say Dallas-based Compass Datacenters is expected to close on its purchase of the 273-acre property this month. Such a move would solve the 20-month mystery over th" The Barrington Hills Observer
Texas-based Compass Datacenters is expected to close on its purchase of the 273-acre former Sears headquarters in Hoffman Estates this month, according to sources familiar with marketing of the property.
Sources familiar with efforts to market the former Sears headquarters in Hoffman Estates say Dallas-based Compass Datacenters is expected to close on its purchase of the 273-acre property this month.
Such a move would solve the 20-month mystery over the fate of the sprawling office campus, as well as erase the last visible presence of a 20th-century retail giant from the state it long called home.
Hoffman Estates village officials said they could not comment on the status of any pending real estate transaction, but they indicated they are prepared for a redevelopment of the Sears site.
"Whatever it is that ends up happening, we're ready for it," Director of Development Services Peter Gugliotta said. "We can get through the review process fairly quickly."
A data center campus would present a much simpler approval process for the village and other entities than Sears' plan for the previously undeveloped land in the early 1990s.
Much of the effort back then concerned bringing infrastructure to the site -- including sewer, water, roads and tollway interchanges -- and the taxation mechanisms to enable it, Gugliotta said.
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