Walgreen Co. is reportedly considering moving its headquarters to Chicago’s old Main Post Office.
The Deerfield-based drug store giant has expressed interest in moving to a location in the Loop, according to Crain’s Chicago Business, but a decision has not yet been made.
Crain’s, citing “sources familiar with company’s search,” reports that Walgreen is focusing its efforts on the building, but negotiations with investor Bill Davies have so far been unsuccessful.
A spokesman from Walgreen Co., however, told NBCChicago the company is “not engaged with any developers on any new locations for our corporate headquarters.”
“We’re always conducting due diligence on our corp. footprint and have done studies in the past, but we’re not engaged with developers on any new locations for our corporate headquarters as part of that process,” said spokesman Michael Polzin.
Last year, Davies, who gained control of the property in 2009, unveiled a proposal to turn the landmark building into a mostly residential and parking complex and said he envisioned the building being the centerpiece for surrounding hotel rooms, stores and offices.The building has been vacant for more than 17 years.
The report that Walgreen Co. may be considering the location comes months after the company announced plans to close 76 stores in the second half of its fiscal year to “optimize the company’s asset base.”