Retail REIT InvenTrust Properties Corp.announced plans to relocate its corporate headquarters from 2809 Butterfield Road, Oak Brook, IL to Highland Landmark II building located at 3025 Highland Parkway, Downers Grove, IL.
IVT will lease 22,000 square feet, down from the almost 50,000 sq. ft. the Company currently leases. InvenTrust is expected to complete the move during the summer of 2017.
“We believe this new location is an excellent fit for InvenTrust, and will enable us to reduce our operating expenses while working out of a more inventive office space,” said Thomas P. McGuinness, President and Chief Executive Officer of InvenTrust.
“This smaller headquarters space directly reflects the values underlying our long-term strategy, under which InvenTrust has become a leaner, more disciplined organization focused solely on multi-tenant, open-air retail centers. With an open floor plan, InvenTrust’s employees will benefit from an office environment more conducive to collaboration and communication, better stimulating teamwork and efficiency throughout all levels of the organization.”