Inland Signs Approximately 140,000-square-foot Headquarters Lease in Downers Grove

DOWNERS GROVE, IL – March 3, 2026 – JLL and The Inland Real Estate Companies, LLC (Inland) announced today Inland signed an approximately 140,000-square-foot, 16.5-year headquarters lease at 3050 Highland Parkway in Downers Grove, Illinois, as part of the company’s long-term strategic business plan to foster collaboration, growth, attract talent and better serve employee’s needs.

The lease encompasses more than half of the 260,852-rentable-square-foot, multi-tenant office building, with Inland occupying floors 7, 6, 5 and a portion of the 4th floor. The company is expected to occupy the space later this year.

JLL represented the landlord in the transaction, led by Jeff Shay, executive vice president, and Allyson Birchmeier, vice president. Larry Sajdak, executive vice president, and Sean Steuart, vice president of leasing, represented Inland.

“Our new headquarters reflects a broader investment in our people and how we work together,” said Tony Chereso, CEO and President for The Inland Real Estate Companies, LLC. “Bringing our teams together in a highly amenitized, collaborative environment allows us to strengthen our culture, operate more efficiently and ensure our workplace supports the long-term growth initiatives of our business.”

With more than 57 years as one of the nation’s largest vertically integrated real estate investment and finance groups, Inland continues to evolve while maintaining long-standing ties to the communities it serves. The relocation reflects how Inland is aligning its workplace strategy with long-term business priorities and the changing ways its teams collaborate. Given Inland’s multiple years of experience in property management, as part of this transaction Inland has also been awarded the right to manage the building for the Landlord as part of its ongoing tenancy.

Located in the Eastern East/West (E/W) submarket, 3050 Highland Parkway is undergoing a comprehensive renovation of its common areas and shared amenities, positioning the building to meet growing demand for high-quality, amenitized office environments.

Planned upgrades include a refreshed lobby, a grand staircase connecting to the lower level, and brand-new tenant amenities such as a fitness center, tenant lounge, library-style workspace, deli/café, conference center and game room. These improvements will be delivered in tandem with Inland’s interior buildout.

“Inland’s commitment reflects how occupiers are re-evaluating their real estate through a long-term lens,” said Shay. “Comprehensive amenity investments and flexible, multi-tenant environments are increasingly critical to attracting and retaining tenants, and this lease is a strong signal of sustained demand for high-quality office product in the western suburbs.”

Inland’s decision aligns with broader workplace trends outlined in JLL’s Workforce Preference Barometer, which shows that while companies continue to optimize their footprints, occupiers are increasingly prioritizing workplace experience, collaboration and flexibility to support in-office engagement and productivity. As organizations refine established in-office policies, investment is shifting toward amenity-rich, technology-enabled environments designed to bring people together and support more agile ways of working.

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The Inland Real Estate Companies, LLC, headquartered in Oak Brook, Illinois, is part of The Inland Real Estate Group of Companies, Inc., one of the nation’s largest vertically integrated real estate investment, finance, and operating groups. Since 1968, Inland member companies have collectively conducted over $125 billion in commercial real estate transactions and sponsored over 840 alternative investment programs, serving both individual and institutional investors. Inland member companies also deliver a comprehensive suite of commercial real estate services spanning acquisitions, asset management, development, finance, and property management. For more information about Inland and its member companies, please visit www.inlandgroup.com.