A factor in the decisions is an $8.3-million incentive package from the state, which will provide tax credits and training funds to the company over the next 10 years in exchange for keeping 150 headquarters jobs and 800 manufacturing jobs in Illinois. The company has been in the area for 68 years, originally operating in a bungalow on Chicago's South Side.

"The dramatic growth of the residential and retail areas around us has created a unique development opportunity within Orland Park and thus a high level of interest in our property," explains president and chief executive officer Ralph Faison. "The value of this property enables us to fund the move to a new company headquarters and world-class manufacturing facility."

Kimball Hill Homes chairman and chief executive officer David Hill says his company is planning a mixed-use development with condominiums, townhouses and retail space. Kimball Hill Homes will close on its purchase in two phases--the land south of 153rd Street next year and property north of 153rd Street in early 2007.