Search
 

Hoover's Shutters Two Offices, Consolidates in Austin

AUSTIN-Hoover's is following suit with other operations that have retreated in recent months. Gone will be offices in Reston, VA and Linthicum, MD while the Austin home port will be consolidated in May when a building conversion is capped.

By Kimberly Reeves | Updated on March 08, 2001

AUSTIN-Austin-based Hoover’s Inc. is closing offices in Reston, VA and Linthicum, MD and consolidating its Austin operations.

Hoover’s had acquired Powerize, now know as Hoover’s Media Technologies in August 2000. In May, Hoover’s will relocate its headquarters to the former Butter Krust bakery building across from Highland Mall. “Closing these offices will result in significant expense savings on an ongoing basis,” says Lynn Atchison, Hoover’s CFO. “Our leases at these locations were up shortly; space in the Washington area is quite expensive; and we have plenty of much lower-cost office space at our new corporate headquarters.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.