Ford Leasing Former Masco Headquarters for Employee Relocation
Ford Land announced this week that it has reached an agreement with Masco Corporation to lease buildings in Taylor so that it may relocate approximately 1,000 employees while its main campus in Dearborn continues to undergo innovations.
“As our campus transformation continues, we need transitional work space in close proximity to our campus,” said Dave Dubensky, chairman and CEO, Ford Land. “Masco’s headquarters building offers the needed space and amenities for our employees, and it’s in close proximity to our Dearborn campus.”
Ford is leasing a four-story, 416,000-square-foot building that features amenities up to and including an indoor courtyard, full-service café, and 24-hour fitness center. The building was once the headquarters of Masco, which is currently being vacated as it relocates to Livonia. Masco expects to have left the building in June, and Ford will move in its employees shortly thereafter.
“On behalf of Masco, which has been a resident of Taylor for nearly 50 years, I am pleased that we are leaving our building in the good hands of a company that has shown strong commitment to the Detroit metropolitan area,” said Keith Allman, Masco president and CEO.
Ford is also locating a 140,000-square-foot retail space, also owned by Masco, to house employees as the automaker’s 10-year Dearborn transformation project continues. Ford will renovate approximately 70 buildings and more than 7.5 million square feet, converting into a state-of-the-art Ford Research and Engineering Center and World Headquarters Campus.
Last month, Ford revealed that it is relocating an additional 1,800 employees to a newly-leased 240,000-square-foot retail space at the Fairlane Town Center.