BOCA RATON, FL (WFLX) - Following a merger with OfficeMax, Office Depot announced Tuesday that it has chosen Boca Raton for its global headquarters.
The company said the decision is the result of a "thorough evaluation that took into account a number of important factors, including 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".
The company will remain in its current 625,000-square-foot corporate campus located at 6600 North Military Trail in Boca Raton.
Office Depot said the facility in Boca Raton has ample space to accommodate workers who will relocate from Illinois.
"Selecting the headquarters location is a critical step toward integrating our two companies," said 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.