Thank you for sharing!

Your article was successfully shared with the contacts you provided.

STAMFORD, CT-Xerox Corp. is revisiting an initiative it started more than five years ago: a planned sale of its corporate headquarters here and a relocation of its headquarters staff into smaller quarters in the area. A company spokesperson says Xerox executives informed its headquarters staff recently of its decision to vacate 800 Long Ridge Rd.

The company plans to sell the current building and is looking for another facility in Stamford or the surrounding area, according to the spokesperson, although what classifies the surrounding area has not been specified by Xerox CEO Ann Mulcahy.

The company had about 600 workers at its 237,000-sf corporate headquarters building about six or seven years ago. However, Xerox has since reduced the staff there to approximately 300. The spokesperson says plans are preliminary, noting that Xerox has not yet hired a consultant to assist it with its building sale and office space relocation.

Xerox’s preference is to sell its 25-acre Long Ridge Road property first, and then “consider its options” in Stamford and the surrounding area for a smaller headquarters facility.

More than five years ago, Xerox had announced its intent to sell its headquarters building and relocate to smaller space in the area. However, shortly after the terrorist attacks of 9/11, the company abandoned that initiative. The sale of the headquarters could take months or a few years, according to the spokesperson.

The company, which posted revenue of $15.7 billion last year, was founded in Rochester, NY in 1961 and moved to Stamford eight years later. Xerox employed 55,200 workers worldwide and 29,700 in the US at year’s end 2005.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 3 free articles* across the ALM subscription network every 30 days
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2020 ALM Media Properties, LLC. All Rights Reserved.