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

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.

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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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.