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The Hill

Allstate selling longtime Chicago-area headquarters for $232M

Allstate announced on Monday that it would sell its Chicago-area headquarters for roughly $232 million. The company said that the sale was expected to close next year, and the property sold accounted for the majority of its Northbrook, Ill., campus, which it has occupied since 1967. While the company said it would maintain its presence in Chicago, including a downtown office space, the decision comes as many Allstate employees have chosen to…