Costello said employees have been operating under a hybrid structure during the pandemic, with a mix of in-office and remote work. He declined to say how many employees are based out of Hoffman Estates, or where a future headquarters might be located.
The Hoffman Estates campus was home to more than 4,000 Sears employees as recently as 2017, according to company filings.
The site features a 2.3 million-square-foot (213,677- square-meter) corporate office and 273 acres (110.5 hectares), including 100 acres (44.5 hectares) of undeveloped land.
Sears was once the nation’s largest retailer, but it has struggled in recent years, seeking Chapter 11 bankruptcy protection in 2018 with billions of dollars in debt.
Transformco, an entity controlled by former Sears CEO and its largest shareholder, Edward Lampert, purchased the retailer and 425 stores in a 2019 bankruptcy auction.
Since then, Sears has continued to reduce its retail footprint, closing its last full-service Illinois department store at Woodfield Mall in Schaumburg on Nov. 14.
Hoffman Estates has been home to Sears’ corporate headquarters since 1992, when the company left its namesake Sears Tower in downtown Chicago before selling the skyscraper, now the Willis Tower, two years later.