Illinois Tool Works on Monday completed its move into a new corporate campus in Glenview.
After 24 years at its previous location, the industrial conglomerate moved 4 miles southeast to a 48-acre property at the corner of Golf and Waukegan roads. ITW bought most of the property from Kraft. The rest of the property will be home to an Audi dealership.
The company wouldn’t say how much it spent on its new headquarters. It purchased the property in 2013 for $21 million, according to county records.
Glenview said it didn’t offer ITW incentives to stay in the village. ITW said it didn’t receive any incentives from the state.
ITW, which last year earned $2.9 billion on revenue of $14.5 billion, has been in the Chicago area since its founding in 1912. Its former home at 3600 W. Lake Ave. will now house an industrial packaging business that ITW sold last year to the Carlyle Group for $3.2 billion. The business is now called Signode Industrial Group.
ITW’s new headquarters will house about 550 people. Four hundred moved from its former campus, and 150 are from another office in Glenview, said ITW spokeswoman Alison Donnelly.
Donnelly said the new campus has a fitness center and is less than a mile from a Metra station, which was important to employees who commute from Chicago.
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