Office Depot, Inc. has chosen Boca Raton, FL, for its global headquarters, it announced today. The company, formed by the merger of Office Depot and OfficeMax, asserted that factors contributing to the decision included the cost to operate each headquarters location, lease obligations and sublease considerations, tax implications, government incentives, ability to add associates and incorporate functions in the current space, and people-related costs.
“Selecting the headquarters location is a critical step toward integrating our two companies,” said Roland Smith, Office Depot chairman and CEO. “Both Florida and Illinois have many positive attributes, but our analysis concluded that Boca Raton provides the best platform for us to achieve planned synergies, leverage assets to drive improved profitability and launch a compelling vision for the future.”
Office Depot headquarters will locate in its predecessor’s 625,000-square-foot corporate campus located at 6600 North Military Trail in Boca Raton, a facility that has ample space to accommodate associates who will relocate from Illinois, the company maintained.