Louisiana-Pacific Examining Headquarters Relocation

PORTLAND-Louisiana-Pacific will decide in the next 60 days whether it will keep its headquarters in Portland, where it was founded 30 years ago, or relocate to one of three cities in the Southeastern United States–Charlotte, NC; Nashville, TN; or Richmond, VA.

LP is currently headquartered in the 26-story Fox Tower, Portland’s newest Downtown office building, where it signed a 10-year lease for 122,000 sf that commenced in March 2001 at a full service base rate believed to be in the mid-$20s per sf per year. Company officials tell GlobeSt.com the company has subleased one of its eight floors to a law firm but still occupies the remaining seven floors, where it employs about 160 people. Current asking rates for space in the building range from $18- to $26 per sf.

How much space LP would require if it relocated is not being released, according to company officials. Portland and the other cities have offered up incentive packages but LP is not detailing the contents of those packages. The current and would-be landlords will be tapped next to see what incentives they may be able to throw into the deal, a source at LP tells GlobeSt.com.