The Bozzuto Group Relocates to New Corporate Headquarters, Remains in Prince George’s County
- Oct 07, 2014
Oct. 1 marked a move to a new home for The Bozzuto Group. It relocated its corporate headquarters to 6406 Ivy Lane in Greenbelt, celebrating with a ribbon-cutting ceremony attended by company officials, employees, business associates and Prince George’s County leaders.
Bozzuto signed a lease for about 105,000 square feet of space on five floors in a seven-story building in Greenbelt’s Capital Office Park. The new location features numerous amenities, from innovative workspaces to large community areas, flexible meeting rooms, a state-of-the-art fitness center and even two electric-vehicle charging stations, the first to be installed in Maryland that qualified for the state’s new Electric Vehicle Supply Equipment Rebate Program, introduced by the Maryland Energy Administration in July 2014.
The new headquarters is just 1.5 miles away from the old location, but for a time the company did consider changing counties a few years ago, despite its long history in Prince George’s County. That was the result of tensions between the administration of former county executive Jack Johnson and the father and son team of Tom and Toby Bozzuto. At the end of 2011, Johnson was sentenced to more than seven years in a federal prison for masterminding a corruption conspiracy.
The county’s current administration, led by Rushern Baker III, worked hard to retain the company and its almost 300 employees. After nearly a year of discussions, in September 2013, Prince Geroge’s County officials approved a $1.5 million subsidy package and convinced the homebuilder to stay.
“Greenbelt has been our home for quite a long time, and it was important for us to work closely with Prince George’s County officials to remain here,” Tom Bozzuto, chairman & CEO of The Bozzuto Group, said in a statement. “It is my hope that our new headquarters will continue to foster a values-driven culture of creativity and innovation.”
“I am immensely pleased that The Bozzuto Group will remain in Prince George’s County and want to thank Tom Bozzuto, chairman & CEO, for giving our economic development team the opportunity to accommodate the needs of his company,” Baker added. “It is critical to our economic development strategy that we retain our existing corporations, especially those of the caliber and quality of The Bozzuto Group. Bozzuto’s decision to build its future in Prince George’s County symbolizes what we have been trying to accomplish these past four years. This was certainly a win-win partnership and a success story we want to model as we move this county forward.”
Photo credit: Mack-Cali Realty Corp.