This past year saw hardwood flooring retail giant Lumber Liquidators, which has been based out of Toano since 2004, announce plans to move its headquarters to Henrico County in late 2019.
The company has operated its production, warehouse and corporate offices out of a 315,000 square-foot facility on John Deere Road in Toano for 14 years, but the company’s lease on the building expires in December 2019. In a statement to investors, Lumber Liquidators CEO Dennis Knowles said the move will allow the company to grow its retail and installation services and transition away from manufacturing.
“With a growing business and new leadership team focused on product innovation, core retail operations and the customer experience, it is the right time for us to relocate to a smaller facility in a metropolitan environment,” Knowles said.
The county has begun marketing the Toano manufacturing and distribution center through the Virginia Economic Development Partnership, James City County Economic Development Director Amy Jordan said in an interview earlier this year.
Lumber Liquidators plans to start 2020 in a new headquarters closer to Richmond, operating out of a smaller 53,900-square-foot building on Staples Mills Road in Henrico County’s Libbie Mill-Midtown development.
About 200 employees will work in the company’s new Henrico headquarters, according to a news release. Lumber Liquidator’s 10-year lease on the Henrico building will start at the beginning of October 2019, and the company will have the option to renew its lease for an additional 10 years.
Arriaza can be reached at 757-790-9313 or on Twitter @rodrigoarriaza0.