MENOMONEE FALLS – Assisted Living Concepts Inc. will be
relocating from its Menomonee Falls headquarters to downtown
Chicago’s IBM Building, according to a statement issued Friday.
Assisted Living was sold in July to Texas private equity firm
TPG Capital. It will receive Illinois tax credits that total $4
The headquarter move is expected to take place in December,
according to the statement, and will include moving 100 jobs to
downtown Chicago as well. The company has leased 25,265 square
feet in the IBM building at 330 North Wabash.
Assisted Living plans to hire employees for an undisclosed
number of positions, including finance and information
technology in the new corporate office. Assisted Living owns
more than 200 assisted-living facilities in 19 states.
Under the Economic Development for a Growing Economy, Assisted
Living would be eligible for about $4 million in tax credits
over 10 years. The tax credits, which are based on job creation,
can be used against corporate income taxes.
"The state's enduring advantages as a home for companies of all
sizes are benefiting its taxpayers and people who seek work,"
said Illinois Gov. Pat Quinn. "Employers who want to be at the
epicenter of North American business are driving economic growth
throughout the state.”
The company’s Menomonee Falls headquarters are in an office
building at W140 N8981 Lilly Road.
"We are looking to hire many talented professionals as the
company enters this new growth phase, and I am confident that
Chicago is the right place to achieve the ambitious goals we
have set for ALC's next chapter,” said Jack Callison Jr., CEO of