{"id": "n-c09caa0e0a", "slug": "hoffman-estates-former-sears-headquarters", "type": "office-park", "name": "Former Sears Headquarters", "aka": [], "city": "Hoffman Estates", "county": "Cook County", "state": "IL", "country": "US", "census_division": 3, "lat": 42.04273, "lon": -88.07928, "geocode_method": "nominatim-city", "address": null, "metro": null, "original_use": "corporate headquarters", "year_opened": null, "year_closed": null, "acres": 273.0, "gla_sqft": 2300000, "stores_peak": null, "levels": null, "original_developer": null, "original_architect": null, "before_notes": "Draft from realogicinc.com, model-extracted, unreviewed: The former Sears corporate campus in Hoffman Estates, IL, a 273-acre office park with 2.3 million square feet, is being redeveloped into a data center park with construction starting in June 2024.", "strategy": ["redevelop"], "new_use": ["data center"], "share_retrofit": null, "status": "under construction", "year_retrofit": 2024, "developer": "Compass Data Centers", "architect": null, "after_notes": null, "narrative": null, "narrative_license": null, "narrative_source": null, "zoning_change": null, "public_subsidy": null, "entitlement_year": null, "planning_notes": null, "wikidata_qid": null, "wikipedia": null, "osm_id": null, "verified": "draft", "verified_by": null, "last_verified": null, "last_updated": "2026-10-18", "created": "2026-10-18", "contributor_name": null, "contributor_org": null, "contributor_link": null, "international": 0, "county_fips": "17031", "opp_score": 5.0, "opp_reasons": ["already in play: under construction, approved, or sold to a developer with housing plans", "273 acres"], "for_sale": 0, "distressed": 0, "url": "https://retrofitatlas.org/office-parks/il/hoffman-estates-former-sears-headquarters/", "events": [{"year": 2024, "date": null, "kind": "note", "detail": "Demolition commenced", "source_id": 8067}, {"year": 2024, "date": null, "kind": "retrofit", "detail": "Retrofit: redevelop", "source_id": null}], "sources": [{"id": 8066, "site_id": "n-c09caa0e0a", "url": "https://www.realogicinc.com/realogic-blog/cre-spotlight-the-redevelopment-of-the-former-sears-headquarters-site/", "title": "CRE Spotlight: The Redevelopment of the Former Sears ... - Realogic", "publisher": "realogicinc.com", "date": null, "quote": "Former Sears Headquarters", "kind": "news", "license": null, "retrieved": "2026-10-18"}, {"id": 8067, "site_id": "n-c09caa0e0a", "url": "https://www.realogicinc.com/realogic-blog/cre-spotlight-the-redevelopment-of-the-former-sears-headquarters-site/", "title": "Timeline", "publisher": null, "date": null, "quote": "In June 2024, a ceremony with officials from The Village of Hoffman Estates, Compass Data Centers and ComEd, the local electrical utility who will provide the massive amounts of electricity needed to power the new data centers, was held at the site to mark the start of the years-long project, and de", "kind": "quote", "license": null, "retrieved": "2026-10-18"}], "deals": [{"id": 476, "site_id": "n-c09caa0e0a", "kind": "sale", "date": null, "year": 2023, "acres": null, "sqft": null, "buyer": "Compass Data Centers", "seller": "Transformco", "broker": null, "lender": null, "loan_maturity": null, "loan_status": null, "listing_url": null, "status": null, "notes": null, "source_url": "https://www.realogicinc.com/realogic-blog/cre-spotlight-the-redevelopment-of-the-former-sears-headquarters-site/", "source_title": null, "source_date": null, "quote": "Compass closed on the property in September 2023, paying $194 million for the property", "verified": "draft", "retrieved": "2026-10-18"}], "parties": [{"name": "Compass Data Centers", "kind": "developer", "role": "developer", "year_from": 2024, "year_to": null}], "parcels": [], "context": {"assessment": {"what_happened": "Former Sears HQ (273 acres, Hoffman Estates, IL) sold to Compass Data Centers for $194M in 2023. Now under construction as a data center (new use), with demolition commencing in 2024. Developer confirmed. ", "why": "Large parcel size (273 acres) and active redevelopment status (under construction) are key factors. No yield metrics available (value_per_acre and parcel_value_total null).", "where_it_stands": "Status: Under construction. No other context (e.g., traffic impact, housing market relevance) directly tied to the project in the record. ", "for_a_planner": ["273-acre site, 3.7km from operating One Schaumburg Place (per cluster data).", "Traffic: Higgins Rd (6 lanes, principal arterial) handles 45k ADT (2024).", "No housing market or retail trend data directly applicable to this data center project."], "for_a_developer": ["Compass Data Centers owns the site post-2023 sale. GLA 2.3M sqft (redeveloped from original use).", "No financial metrics (yield, value_per_acre) available in record."], "risks_and_unknowns": ["No site address, exact demolition timeline, or utility infrastructure details provided.", "Peer projects (e.g., Glenview Logistics Campus) are referenced but not directly relevant to this assessment."], "data_quality": "partial", "one_line": "273-acre Sears HQ redeveloping into data center (Compass Data Centers) under construction since 2024; $194M sale completed in 2023; no yield data available.", "model": "qwen3-30b-a3b-64k:latest", "machine": "Dell 5820 RTX 3090 (Ollama, qwen3-30b-a3b)", "record_sha1": "0a570441de85"}, "cluster": {"within_10km": [{"id": "m-c6d62dfee2", "name": "One Schaumburg Place", "city": "Schaumburg", "status": "operating", "km": 3.7}], "count_10km": 1, "count_25km": 17}, "elevation": {"elevation_ft": 782.8, "resolution": 1, "source": "USGS EPQS (3DEP)", "retrieved": "2026-10-20"}, "food_access": {"tract10": "17031804608", "urban": 1, "lila_1_10": 0, "low_access_1mi": 0, "lapop1share": 8.171547377584849, "poverty_rate": 6.41599522530588, "median_family_income": 109583.0, "snap_households": 72.0, "pop2010": 3787.0, "source": "USDA ERS Food Access Research Atlas 2019 (ArcGIS copy)", "retrieved": "2026-10-20"}, "housing_market": {"zhvi": {"latest": 340258, "month": "2026-09", "change_1y": 0.06, "change_5y": 0.232}, "zori": {"latest": 2228, "month": "2026-09", "change_1y": 0.051, "change_5y": 0.335}, "county_fips": "17031", "source": "Zillow Research (ZHVI, ZORI)"}, "jobs_lodes": {"tract20": "17031804608", "jobs": 2910, "retail_jobs": 35, "food_accommodation_jobs": 63, "year": 2022, "source": "Census LEHD LODES8 WAC 2022 (all jobs, primary and secondary), blocks summed to the 2020 tract", "retrieved": "2026-10-20"}, "listings": {"zip": "60169", "month": "202609", "median_listing_price": 381775, "median_listing_price_yy": 0.0696, "active_listing_count": 52, "median_days_on_market": 27, "price_reduced_share": 0.1447, "pending_ratio": 0.8641, "source": "Realtor.com Research, inventory core metrics by ZIP (ZCTA at the site point)", "retrieved": "2026-10-20"}, "opportunity": {"tract10": "17031804608", "kfr_p25": 0.5323, "jail_p25": 0.0064, "kids_count": 274.5466, "commuting_zone": "Chicago", "vintage": "children born 1978-83, outcomes measured 2014-15", "source": "Opportunity Insights, Opportunity Atlas (Chetty, Friedman, Hendren, Jones, Porter 2018)", "retrieved": "2026-10-20"}, "peers": {"peers": [{"id": "n-5c16b9c155", "name": "Logistics Campus", "city": "Glenview", "state": "IL", "score": 9.5, "why": ["similar size (232 acres)", "same strategy: redevelop", "also in IL"]}, {"id": "m-bd42d92514", "name": "Lakehurst Mall", "city": "Waukegan", "state": "IL", "score": 8.0, "why": ["similar size (200 acres)", "same strategy: redevelop", "also in IL"]}, {"id": "n-6d401482d8", "name": "W. Averell Harriman State Office Building Campus", "city": "Albany", "state": "NY", "score": 8.0, "why": ["similar size (330 acres)", "similar GLA (3,000,000 sq ft)", "same strategy: redevelop"]}, {"id": "m-3d14c8e5f6", "name": "Northland Center", "city": "Southfield", "state": "MI", "score": 7.0, "why": ["similar GLA (1,800,000 sq ft)", "same strategy: redevelop"]}, {"id": "n-083c3edda7", "name": "Parkway North Townhomes", "city": "Deerfield", "state": "IL", "score": 6.5, "why": ["same strategy: redevelop", "also in IL", "21 km away"]}, {"id": "n-cf98178bd5", "name": "Central Manufacturing District", "city": "Chicago", "state": "IL", "score": 6.5, "why": ["similar size (265 acres)", "same strategy: redevelop", "also in IL"]}], "method": "size, era, strategy, status, type, state, distance"}, "permits": {"county": "Cook County", "2024": {"units_1": 1142, "units_2_4": 512, "units_5plus": 4853, "value_total": 1864446946}, "2023": {"units_1": 1018, "units_2_4": 504, "units_5plus": 3332, "value_total": 1279204493}, "retrieved": "2026-10-18"}, "qcew_retail": {"county": "17031", "year": 2025, "establishments": 12604, "employment": 213302, "avg_annual_pay": 43743, "lq_employment": 0.83, "employment_change_1y": -0.6, "source": "BLS QCEW 2025 annual, county, NAICS 44-45 retail trade, private", "retrieved": "2026-10-20"}, "retail_trend": {"2012": {"estab": 15268, "emp": 223548}, "2023": {"estab": 13577, "emp": 214575}, "estab_change": -0.111, "emp_change": -0.04, "county_fips": "17031"}, "schools": {"district": "Township High School District 211", "district_geoid": "1730450", "grades": "09-12", "district_vintage": "SY2024-25", "public_schools_1mi": 3, "schools": ["J B Conant High School", "Fairview Elem School", "Lakeview Elem School"], "schools_vintage": "SY2023-24", "source": "NCES EDGE", "retrieved": "2026-10-20"}, "storms": {"county": "17031", "years": "2016-2025", "events": 1091, "by_type": {"Thunderstorm Wind": 620, "Hail": 164, "Flood": 133, "Flash Flood": 82, "Heavy Rain": 49, "Tornado": 33, "Lightning": 6, "Funnel Cloud": 4}, "property_damage_usd": 1049471000, "deaths_direct": 0, "injuries_direct": 11, "note": "county-typed events only; events logged to forecast zones (CZ_TYPE Z: most winter, heat, flood and coastal events) are not counted", "source": "NOAA NCEI Storm Events Database, details files", "retrieved": "2026-10-20"}, "traffic": {"max_aadt": 45031, "trucks_aadt": 1725, "road": "Higgins Rd", "class": "principal arterial", "lanes": 6, "segments_600m": 9, "year": "2024", "source": "FHWA HPMS", "retrieved": "2026-10-20"}, "yield": {"value_per_acre": null, "gla_per_acre": 8425, "far": 0.19, "parcel_value_total": null}}, "elements": [{"slug": "place-apartment-boom-county", "name": "County permitting 2,000+ apartment units a year", "group_": "place", "evidence": "4,853 units, Cook County", "origin": "census-bps"}, {"slug": "strategy-redevelop", "name": "Redeveloped", "group_": "strategy", "evidence": "", "origin": "record"}, {"slug": "scale-mega", "name": "1M+ sq ft GLA", "group_": "scale", "evidence": "2,300,000 sq ft", "origin": "newtypes-extraction"}, {"slug": "place-retail-shrinking-county", "name": "County lost 10%+ of retail establishments since 2012", "group_": "place", "evidence": "-11%", "origin": "census-cbp"}, {"slug": "place-high-traffic", "name": "30,000+ vehicles a day on an adjacent road", "group_": "place", "evidence": "45,031 on Higgins Rd", "origin": "fhwa-hpms"}, {"slug": "place-rent-2000-plus", "name": "County typical rent $2,000+", "group_": "place", "evidence": "$2,228/mo", "origin": "zillow"}, {"slug": "place-shrinking-county", "name": "Shrinking county", "group_": "place", "evidence": "-0.7%", "origin": "census-acs"}, {"slug": "era-retrofit-2020s", "name": "Retrofit 2020s", "group_": "era", "evidence": "2024", "origin": "newtypes-extraction"}, {"slug": "finance-sold-2020s", "name": "Sold since 2020", "group_": "finance", "evidence": "2023 Compass Data Centers", "origin": "research-deals"}, {"slug": "scale-large-site", "name": "60+ acre site", "group_": "scale", "evidence": "273 acres", "origin": "newtypes-extraction"}, {"slug": "status-pipeline", "name": "Retrofit in the pipeline", "group_": "finance", "evidence": "under construction", "origin": "record"}], "details": {}, "photos": [], "provenance": {"acres": "newtypes-extraction", "gla_sqft": "newtypes-extraction", "year_retrofit": "newtypes-extraction", "developer": "newtypes-extraction"}, "restricted_fields": {"parcels": ["owner_addr", "assessed", "taxable", "tax_amount", "sale_price", "deed_ref"], "deals": ["price", "price_per_acre", "price_per_sqft", "loan_amount", "asking_price"], "how": "free API key: POST /api/v1/keys {\"email\": …}"}}