LONGMONT – Satellite-image provider DigitalGlobe Inc. on Thursday announced its intention to relocate its global headquarters from Longmont to the North Park development in Broomfield, Colorado in mid-2015.
DigitalGlobe (NYSE: DGI) is moving to North Park at Interstate 25 and Colorado Highway 7, a development managed by Loveland-based McWhinney.
In order to consolidate four office locations in Colorado into a single site, DigitalGlobe signed a letter of intent and plans to enter into a lease agreement for a new campus at North Park that is being built by Opus Development Co. LLC and designed by RNL Design, with real estate and project management services by Cresa Denver.
The new campus is expected to be ready for occupancy in the summer of 2015.
DigitalGlobe previously had announced its intention to consolidate its footprint but keep its global headquarters and a "significant employee base" in Colorado after the company's 2012 merger with GeoEye Inc. (Nasdaq: GEOY) in a $900 million transaction.
Colorado-based employees are expected to relocate to the new campus in Broomfield, according to a DigitalGlobe press statement. DigitalGlobe will continue to maintain a presence in the Longmont location "for a period of time," according to the press statement, which added that the company also will continue to maintain a significant presence in other offices around the world, including Herndon, Virginia, Tampa, Florida, London and Singapore among others. The Virginia location was the headquarters of GeoEye.
DigitalGlobe Inc. in June received an incentive package of up to $4.4 million this year to create 435 jobs and keep its headquarters in Colorado, according to a spokesman at the Colorado Office of Economic Development and International Trade.
DigitalGlobe Inc. earlier this month reported a 48 percent increase in revenue for the second quarter that ended June 30 compared with the same period a year ago.