An interesting headquarters swap is occurring, involving two Houston retail chains with expansion on their minds...|
NO DELI, NO DEAL
"...Mattress Firm and Stage Stores, two Houston-based firms, are both dropping from multiple locations into one HQ. Mattress Firm is moving 350 employees from two Houston offices to fill the entire 130k SF 10201 S Main St (pictured), which is currently occupied by Stage Stores. (The latter will exit in Q4, and Mattress Firm will take up residency in June 2016.) CBO Karrie Forbes, who’s leading the relocation, says the firm especially targeted location, convenience and size. Mattress Firm has been in fast growth mode over the last two years. The new office has nearly double the number of workstations and leaves space for future expansion...
...Stage Stores (which operates as Palais Royal locally) hasn’t announced where it’s going, but SVP Randi Sonenshein tells us it's got a lease signed for about 190k SF near the Galleria. (The move, which also vacates a building in Meyerland, is expected to cost $12M.) She says the biggest driver was bringing employees under one roof. 900 employees will go to the new office and about 50 will remain in the Meyerland office because that division has specific building height requirements. Stage Stores has a big growth plan ahead of it, Randi says, and being together helps it execute more efficiently..."