VF Corp. has selected the Lower Downtown Denver area for the site of its new global headquarters.
The company will occupy the entire 10-story, 285,000-square-foot building located at 1551 Wewatta Street in Denver’s LoDo District. The company said last month that it was moving its headquarters to Denver from Greensboro, N.C. The relocation follows its decision to spin-off its jeans business, which will remain in Greensboro. The new headquarters will co-locate elect VF leaders with its The North Face, JanSport, Smartwool, Eagle Creek and Altra brands, as well as its Global Innovation Center for Technical Fabrics and digital lab.
VF said it signed a 12-year lease for the site, owned by Bentall Kennedy’s U.S. Core Fund, which has a LEED Gold Certification by the U.S. Green Building Council. The certification reflects VF’s commitment to environmental sustainability. The company said renovations will begin in early 2019, with a completion date targeted for early 2020.
Steve Rendle, chairman, president and chief executive officer, said, “We are excited that Denver’s vibrant Lower Downtown district will serve as the new home for VF and five of our Outdoor brands.”
The company said the building has an estimated capacity of 1,200 people, which gives VF the opportunity to expand its future workforce beyond the 800 jobs it expects to employ in Denver over the next eight years. In total, VF employs nearly 70,000 people worldwide with operations across more than 170 countries.
Rendle said, “Our focus is to create an office that is sustainable, highly functional, visually inspiring and reflective of the active, outdoor lifestyles that each of our brands enable consumers to enjoy.”
The ceo said the company reviewed multiple options across the Denver metropolitan area, and the selected site met all of VF’s criteria. “It’s the ideal setting for us to create a dynamic, collaborative working environment where our business, brands and employees can thrive.”