The Village of Bolingbrook first became aware of IKEA’s announcement that it plans to relocate its Bolingbrook store to a new small-format location in Naperville in late 2027 with the breaking news on October 6th.
IKEA has been part of the Bolingbrook business community since receiving occupancy for its store in September 2004. The current Bolingbrook store is approximately 313,000 square feet, much larger than their new location, which will be approximately 66,000 square feet. The move to a significantly smaller retail footprint is consistent with IKEA’s evolving retail strategy, which includes moving into smaller-format stores and providing customers with additional ways to shop.
IKEA OWNS its approximately 27-acre property in Bolingbrook. NO Village tax incentives were provided to IKEA when the company was originally located in Bolingbrook. Today the Village is in a much different position than when IKEA opened its doors more than 22 years ago. Over the past two decades, the Village has continued to grow and diversify its commercial, industrial and employment base. Today, Bolingbrook is home to a broad mix of retailers, restaurants, employers, and industries…