Boeing had announced six months ago that they were on the verge of selling their local commercial airplane headquarter building in Renton. And now, they have officially confirmed that their Longacres property is up for sale.
According to a statement released to the news outlets on Tuesday, the aerospace giant has already listed the Longacres Campus. The move will undermine the corporate presence in Washington state. This comes as the aerospace giant plans to cut costs that are triggered by the pandemic-related downturn. Longacres, which now sits on 215 acres of land, will join other properties in the Puget Sound region that are currently up for sale. The locations include Everett in the north and Frederickson in the south amongst other large office buildings located in Bellevue and Renton.
In the endeavor, the company plans to dispose of about 2.5 million square feet of office space. More importantly, they wish to conduct a reduction of 7% of overall Boeing’s office space in the region. Over 300 acres of Boeing’s unused land, will also be sold.
Conrad Chun who is the vice president of the Commercial Airplane department shunned the claims that the sale of the property in these locations, was a tactical move for the aerospace giant to gradually withdraw from its Puget Sound roots. He pointed out that Boeing’s Commercial Airplanes headquarters would still be in the same region, but not in the same building.
Some of the other changes that will be instigated after the sale of Longacres Campus will include the relocation of Commercial Airplanes CEO Stan Deal office to overlook the flight line situated at Boeing Field 737 delivery center in Seattle. The office itself has significantly been downsized and it is just a quarter of his initial office size in Longacres.
Other senior Commercial Airplanes leaders will move around or work virtually depending on their schedule.
The Chief Financial Officer Stephanie Pope, Vice President of Human Resources Joelle Denney, and Chun will also have to share an office situated next to Deal’s office.
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