La-Z-Boy hq - 13abc.com Toledo (OH) News, Weather and Sports

La-Z-Boy finalizes land purchase for $50 million HQ in Monroe

MONROE, Mich. (AP) - La-Z-Boy Inc. plans to build a $50 million headquarters on 120 acres in Monroe.

The furniture maker and the Sisters, Servants of the Immaculate Heart of Mary finalized a land purchase agreement this week.

The Detroit News reports the Roman Catholic nuns have maintained the land for decades.

La-Z-Boy says it will break ground this spring and move 500 corporate employees into the new building late next year or early 2015.

According to The Monroe Evening News, the headquarters will be situated across from an oak savannah.

La-Z-Boy has been in Monroe since its 1927 founding, but had been courted by Ohio and other Michigan cities to relocate. The city of Monroe, Monroe County and the state offered incentives to help persuade the company to keep its headquarters in Monroe.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • Top StoriesMore>>

  • Amanda Bacon takes the stand

    Amanda Bacon takes the stand

    Tuesday, April 15 2014 11:08 PM EDT2014-04-16 03:08:50 GMT
    Emotions ran high in the courtroom as a mother, charged in the death of her infant son took the stand for the first time.Amanda Bacon is charged with murder and endangering children after her son Avery,
    Amanda Bacon takes the stand for the first time.
  • Cincinnati hires more police as homicides rise

    Cincinnati hires more police as homicides rise

    Cincinnati has hired 23 new police officers from other departments to boost enforcement efforts as the number of homicides increases.
    Cincinnati has hired 23 new police officers from other departments to boost enforcement efforts as the number of homicides increases.
  • Local runners heading back to Boston for Monday’s marathon

    Local runners heading back to Boston for Monday’s marathon

    Tuesday, April 15 2014 10:04 PM EDT2014-04-16 02:04:55 GMT
    Tuesday marks the one year anniversary of the bombings at the finish line of the Boston Marathon which killed three people and injured 260 people. Dozens of runners from Northwest Ohio and Southeast
    "I'm not nervous about there being another terror attack or the possibility that there could be one," says Jay Yockey. "I don't want to live a life in fear. I still want to do what I love to do."

Area Events Calendar

See It, Shoot It, Send It!