Arhaus Furniture to Move 230 Employees to New Corporate HQ in Boston Heights
- Dec 23, 2013
Arhaus Furniture, one of the fastest-growing furniture retailers in the United States, has announced it plans to build a new $43 million corporate headquarters and distribution center in the village of Boston Heights. Construction is slated to start in March 2014. Arhaus Furniture hopes to move into the new building by April 2015.
The company’s current headquarters building is located at 7700 Northfield Road in the village of Walton Hills. It only offers a combined 270,000 square feet, and is unable to accommodate the growing company’s needs. “Walton Hills has been home to us for nearly 20 years. While here we’ve experienced tremendous growth and expanded our facility several times to accommodate our high growth. We’ve now reached a point where we have literally run out of space and the ability to expand further,” Greg Teed, Arhaus Furniture CFO, said in a statement for the press. He added that a major expansion was necessary in order for the company to continue to be an industry leader.
Arhaus Furniture’s new headquarters building will be constructed on 64 acres of land at the former site of the Boston Hills Country Club, on East Hines Hill Road, near the intersection with State Route 8. The new facility will offer 770,000 square feet of space, with the possibility of expanding to 1 million square feet. “It will be substantially larger to not only accommodate the growth we’ve experienced recently in staff numbers and product assortment but continued success and expansion that we are planning for the next 10 years,” Teed said.
The furniture retailer will bring its staff of 230 to Boston Heights. It also plans to create at least 30 new positions each year. “We’re excited to welcome such a reputable and responsible company to the village of Boston Heights,” Boston Heights Mayor Bill Goncy said. “Their commitment is not only to sustainability in the design and construction of their furnishings but to minimizing their impact on our local environment with energy efficiencies for all buildings. This is a complement to the other companies already here and our residents. We look forward to having them as a corporate partner for many years to come.”
Arhaus Furniture also considered other states but chose to keep its operations in Ohio. The incentives offered by state and local officials convinced the company to stay. Arhaus will receive an 85 percent property tax abatement for 15 years. “We are very appreciative of the work that the village of Boston Heights has done in bringing such a wonderful company to our area,” said Superintendent Phil Herman. “The continuous revenue stream generated by this new corporate neighbor will provide much needed resources for the district’s on-going permanent improvement projects and other programs, benefiting both our students and community.”
Image via Google Maps