CBS62logoNEW2013_blue_final_header_White wwj950-sm2011b 971-ticket-35smb 35h_CBSSportsRad_Detroit

Local

La-Z-Boy Plans To Build $50M HQ In Monroe

View Comments
(Credit: Peter Newcomb/Getty Images for La-Z-Boy)

(Credit: Peter Newcomb/Getty Images for La-Z-Boy)

Get Breaking News First

Receive News, Politics, and Entertainment Headlines Each Morning.
Sign Up

MONROE (WWJ/AP) - La-Z-Boy Inc. plans to build a new $50 million headquarters on 120 acres in Monroe.

The furniture maker and the Sisters, Servants of the Immaculate Heart of Mary — which has maintained the land for decades — finalized a land purchase agreement this week.

La-Z-Boy says it will break ground this spring and move 500 corporate employees into the new building late next year or early 2015.

The headquarters will be situated across from an oak savannah. Vegetated swales in the parking lots, walking trails for employees and other natural features including meadows are also part of the plan.

“When completed, this landmark facility will provide an inspiring, innovative and collaborative work environment for our employees and highlight our evolving image as a worldwide leader in our industry,” Kurt Darrow, Chairman, President and Chief Executive Officer of La-Z-Boy, said in a statement.

La-Z-Boy has been in Monroe since its 1927 founding, but had been courted by Ohio and other Michigan cities to relocate. The city of Monroe, Monroe County and the state offered incentives to help persuade the company to keep its headquarters in Monroe.

TM and © Copyright 2013 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2013 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.

View Comments
blog comments powered by Disqus