TCF Inventory Finance doubles footprint with new sublease

April 26, 2011  |  Staff Writer  |  Print Article  |  Email this Article

Jones Lang LaSalle has announced that TCF Inventory Finance, Inc. — an indirect subsidiary of Wayzata, Minnesota-based TCF Financial Corporation, a bank holding company with $18.5 billion in total assets — will move its
corporate headquarters to a 45,156-square-foot sublease space at the Schaumburg Corporate Center.

Jock Howland and Sean Reynolds of Jones Lang LaSalle completed the transaction on behalf of TCF Inventory Finance, which specializes in lending to the consumer electronics, household appliance, lawn and garden, powersports and specialty products industries.

The company, which is currently headquartered in a 24,600-square-foot space at 2300 Barrington Road in Hoffman Estates, will nearly double the size of its space in the move, which is scheduled for May. TCF Inventory Finance will relocate into a sublease for two full floors of space from PepsiCo.

Founded in April of 2008 with 18 employees, TCF Inventory Finance now employs more than 230 people.

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