BOCA RATON, FL-Office Depot, Inc. announced this morning that it had selected its facility at 6600 North Military Trail here as its corporate headquarters.
The office products retailer recently merged with Office Max, which is headquartered in Naperville, IL. Office Depot reports that it will remain in its current 625,000-square-foot headquarters facility in Boca Raton, which the company states "has ample space to accommodate associates who will relocate from Illinois."
“Selecting the headquarters location is a critical step toward integrating our two companies,” says Roland Smith, chairman and CEO, Office Depot, Inc. “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 will maintain a presence in Naperville throughout the headquarters transition and integration activities. Company officials note that Office Depot and OfficeMax retail store locations, customer service centers, warehouses and distribution centers are not affected by the selection of the Boca Raton headquarters location.
According to a company press announcement, the selection of the Boca Raton facility as its corporate headquarters was the result of what the company terms as a a thorough evaluation of 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.
“We appreciate the significant efforts from legislators in Illinois and the generous support we have received from the State of Florida, Palm Beach County, and City of Boca Raton,” Smith adds. “We would like to thank Florida Governor Rick Scott, Illinois Governor Pat Quinn and the countless others involved in providing the information necessary for us to make this important decision.”
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