InvenTrust Properties to relocate HQ to Downers Grove

Business Wire

OAK BROOK - InvenTrust Properties Corp. plans to relocate its corporate headquarters from 2809 Butterfield Road in Oak Brook to Highland Landmark II building, 3025 Highland Parkway in Downers Grove.

IVT will lease 22,000 square feet, down from the almost 50,000 square feet 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 CEO 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."

InvenTrust Properties is a multi-tenant retail company that owns, leases, redevelops, acquires and manages open-air centers in key growth markets.