DigitalGlobe changes plans, chooses Westminster over Broomfield for new HQ

By: InnovatioNews Thursday October 17, 2013 0 comments Tags: Broomfield, DigitalGlobe, Jeffrey R. Tarr, Longmont, Westminster

DigitalGlobe logoLONGMONT - DigitalGlobe (NYSE: DGI), a leading provider of commercial, high-resolution Earth observation and advanced geospatial solutions, announced it has changed its plans regarding a new headquarters location.

The company announced last month it was entering into a non-binding letter of intent with a developer for a new HQ in Broomfield.

But DigitalGlobe said it reevaluated that decision after receiving an unsolicited offer to lease a building in Westminster near I-25 and 120th Avenue.

After a comprehensive financial review with its real estate advisor, Cresa Denver, DigitalGlobe said it undertook a thorough due diligence process - including a review of engineering, security, adaptability and space-utilization considerations - that resulted in the company signing a 15-year lease for the Westminster facility.

"Although this was an unexpected series of events, once we determined the potential of this opportunity we moved diligently and quickly to finalize a lease that secures the best interests of our company, team members, customers and shareowners," said Jeffrey R. Tarr, DigitalGlobe's president and CEO.

"DgitalGlobe believes this decision is a win for the state of Colorado, allowing for flexible business growth for the company and future high-tech jobs for the northern Denver corridor."

The company said choosing Westminster also allows it to move with less disruption to its employees and operations. Colorado-based employees are expected to relocate to the new campus in the summer of 2015.

"We regret any disappointment to the cities and partners associated with our previous announcement," Tarr said. "We could not have anticipated this change in our relocation plans, but are pleased with the benefits the Westminster facility offers."
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