DigitalGlobe HQ move: Never mind, Broomfield. Hello, Westminster
Thursday, October 24, 2013
Posted by: Selina Sandoval
Longmont-based satellite imaging company DigitalGlobe Inc.has changed its mind about where its new headquarters will be.
It now plans to move in 2015 to a building at 1300 W. 120th Ave. in Westminster that's now home to Avaya, and not move to Broomfield as originally planned.
DigitalGlobe (NYSE: DGI) decided to lease the 482,000-square-foot building off Interstate 25 and 120th Avenue instead of occupying a newly built campus seven miles to the north near I-25 and Colorado 7.
DigitalGlobe announced its first headquarters decision in September. That prompted the owner of the Westminster building to make an unsolicited offer to DigitalGlobe, which the company decided would be a better fit, DigitalGlobe said Wednesday.
"Although this was an unexpected series of events, once we determined the potential of this opportunity we moved diligently and quickly to finalize a lease that secures the best interests of our company, team members, customers and shareowners,” saidJeffrey Tarr, DigitalGlobe president and CEO.
The Avaya building has much of the infrastructure and security that DigitalGlobe needs already in place, which means the relocation will require less capital investment, the company said.
DigitalGlobe has about 950 at its headquarters today. The company operates five satellites that collect geographic images and data, which it sells to government agencies and business customers.
Avaya, which wasn't using all of the 1300 W. 120th Ave. building, is expected to move into smaller space nearby.
Basking Ridge, N.J.-based Avaya has telecom research and development teams at the Westminster building. The owners of the property last year sold the southern half the campus, about 160 acre, to IBC Holdings, which has development plans for the site.
DigitalGlobe's new headquarters will consolidate its workforce in Colorado and allow space to bring in functions currently done it some of its other locations.
DigitalGlobe acquired its direct rival GeoEye, of Herndon, Va., earlier this year. DigitalGlobe has been blending the operations of the two companies.
The consolidation is expected to eventually add as many as 505 employees to DigitalGlobe’s operations in the state.
In June, the state OK’d as much as $4.36 million in tax rebates reducing DigitalGlobe’s corporate income taxes during the next five years.
DigitalGlobe said it will keep a presence at its Longmont site for a time after its headquarters move, which is slated for the summer of 2015. The company said it plans to keep offices in Herndon, Tampa, Fla., London, Singapore and some other cities worldwide.For original article, please click here.