Changing office usage patterns, along with plans for growth, prompted the decision to leave Chicago.
Boeing will move its headquarters from Chicago to Arlington, Va., and establish a research and development center there, the company announced Thursday.
The move will bring the aerospace and defense giant closer to agencies in Washington, D.C. The move encompasses both the new headquarters and a research and development facility.
Boeing did not immediately provide details on the exact size or location of its new facilities, but the headquarters move will significantly expand Boeing’s presence in the northern Virginia city.
The company’s government operations division is located at 929 Long Bridge Drive, a 453,000 square foot Class A office building in Crystal City, according to Commercial Edge. The company said two other business units will remain at their current headquarters. The commercial aircraft division is headquartered in Seattle and its global services unit is located in Plano, Texas.
Boeing’s decision shines an additional spotlight on Arlington as its headquarters. Amazon is currently developing its second headquarters in the National Landing district.
It will also end Chicago’s run as Boeing’s global headquarters. Since 2001, the company’s headquarters have been 100 North Riverside Plaza, a 1.2 million square foot, 36-story office tower located in the West Loop. Changes to office strategies during the pandemic have altered Boeing’s office space needs. In a statement, Boeing President and CEO Dave Calhoun cited the company’s efforts to operate more efficiently by reducing office space and devoting resources to engineering, manufacturing and Training.
While stating that the company will continue to maintain a presence in Chicago, the company said it will reduce its footprint and modernize its space to meet current needs. The company’s statement does not say whether 100 North Riverside is in plans for its Chicago office.
Stay tuned to CPE for more on this developing story.