August 30, 2012 by Benji
Thanks CoStar for this article. Michigan based La-Z-boy did good here.
HQ News: Michigan Nuns Cozy Up with La-Z-Boy
As La-Z-Boy celebrates its 85th year in business, the furniture company is exploring options to build a new world headquarters building in Monroe, MI, its hometown.
The project, if sited in Monroe, would result in the development of a landmark office campus and would retain the company’s 500 headquarters employees in the Monroe community and surrounding area.
Contingent upon approval of state and local incentives, the company is focused on a land purchase agreement with the Sisters of the Monroe-based Immaculate Heart of Mary (IHM) order. The proposed concept would involve the acquisition and development of a significant tract of land currently on IHM’s Monroe campus.
The nuns of IHM hold to notion that a sustainable way of life means that the needs of the present are met without compromising future generations’ ability to meet their own needs. As such, they see a strong synergy with La?Z?Boy, which has committed to developing a LEED-certified building. La-Z-Boy also hopes to preserve a significant amount of green space on its campus, including the maintenance of an endangered oak savannah eco system. In addition, revenue from this agreement would enable IHM to continue the development of their campus as a learning lab for sustainable living, as well as to sustain the mission and assist with the congregation’s retirement needs.
The future of La-Z-Boy’s existing headquarters building has not been determined, but the company would seek options for redeveloping the facility and grounds in a way that would be beneficial to the community.