La-Z-Boy, IHM Complete Land Purchase For HQ
February 4, 2013
La-Z-Boy Inc. has finalized the purchase a block of land from the Monroe, MI-based Sisters, Servants of the Immaculate Heart of Mary (IHM) order which will be used to build a new World Headquarters for the furniture maker.
Mary Jane Herb , IHM president, and Kurt Darrow , La-Z-Boy chairman, president, and CEO, signed the closing documents for the sale of 120 acres of IHM property to La-Z-Boy.
The land purchase completion, combined with the finalization in December of a combination of Michigan state, county and local tax breaks and grants to support the project, paves the way for La-Z-Boy to begin the final design of the building and site.
The company is moving ahead with final design has a goal of breaking ground and beginning construction in the spring with the expectation of moving into the new headquarters in late 2014 or the first half of 2015.
The preliminary plan includes a LEED certified headquarters building nestled into a parcel of land across from an oak savannah.