FEDERAL WAY, WA—Weyerhaeuser is moving from thesuburbs to Seattle's Pioneer Square neighborhood,a move that will allow downsizing and cost-savings.

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The timber company plans to move its headquarters fromFederal Way to 200 OccidentalAve., Seattle, in mid to late 2016,according to a statement released Tuesday on the Weyerhaeuserwebsite.

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Weyerhaeuser intends to sell its Federal Way property which iscomprised of 750,000 square feet of office,research and industrial space.

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“There are two main drivers for this decision, which we madeafter thorough analysis of various options for the location of ourheadquarters,” said Doyle Simons, president andCEO. “First, our 430-acre campus in Federal Way is costly and toolarge for our needs. Second, moving our headquarters to Seattlewill give us access to a larger talent pool to meet futurerecruiting needs, not just in this region, but from across thecountry.”

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“Weyerhaeuser has a long successful history in Federal Way,”Simons said. “We've attracted great people to work here and thiscampus has served us well. Moving to Seattle is an important stepforward for us and I'm excited about the opportunities it willbring to our company and employees.”

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The Seattle Times says the publicly-traded firm hasbeen downsizing its operations in recent years, having spun offnon-core divisions. Weyerhaeuser moved to Federal Way in1971 from Tacoma, where it was founded in1900, the Times notes.

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Click Seattle Times to read the fullstory.

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David Phillips

David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.