Sears is moving its offices out of its downtown Seattle headquarters into a former home in the former Sears and Co. office building.
The move is expected to bring the Seattle office to more than 200,000 square feet and will include two floors of retail space, according to a news release.
Sears’ new headquarters will be built in the same building that it had in the 1970s, when Sears was the world’s largest retailer.
Sears was the largest private company in the U.S. before it bought Sears in 1999 for $3.9 billion.
The move comes on the heels of a $300 million redevelopment project that is now underway for the former headquarters.
This news release comes after Sears said it plans to open its headquarters at the end of March 2019 in the old Sears building.
A Sears spokeswoman said the new office location will be the largest indoor office space in the United States.
In the meantime, Sears has already opened its new downtown Seattle office, called Sears Enterprise Center.
“Sears Enterprise Center will be a destination for our customers and our employees.
This building will provide us with the best possible location for our headquarters, including the best technology and the most secure office environments available in Seattle,” Sears CEO Michael Sears said in a statement.
The announcement comes as Sears and Macy’s are in negotiations to sell their businesses in Seattle, as Macy’s and Sears are closing stores in their hometown.
It also comes after a year of rapid growth at Sears, which is expected have revenue of $9.9B this year.