Draper and Kramer Mortgage Stays in the Suburbs

Executive Towers in Downers Grove, IL, was built in the 1980s, but has up-to-date office space.

CHICAGO—Draper and Kramer Mortgage Corp. has just moved its headquarters, but unlike many suburban firms, it decided to stay in the suburbs. Company employees celebrated the grand opening of its new Downers Grove headquarters on Aug. 22. More than 125 employees, area business professionals and government officials attended the event. The new 23,000-square-foot space in Executive Towers I at 1431 Opus Pl., is larger than the firm’s previous headquarters in nearby Lombard, and can accommodate the growing lender’s nationwide business.

“Our headquarters had been at its Lombard location since 2008, so we wanted to stay close by and not disrupt the staff we’ve built up here,” Paul Lueken, chief executive officer of DKMC, tells GlobeSt.com. “The move to Downers Grove took us less than three miles. Though we didn’t focus on specific cities in our search, it’s a definite perk that downtown Downers Grove is a great location with popular dining and shopping options that our staff appreciate. The majority of our operations employees live in the suburbs and work at our headquarters, but some who reside in Chicago are based at our Erie Street branch downtown in the city. So much of our business is electronic that we have the luxury of hiring and hosting talent outside of our headquarters location when it makes sense.”