Northrop Grumman buys Falls Church building for new headquarters
July 12, 2010
by Jeff Clabaugh
Northrop Grumman Corp. has picked an existing building in Falls Church for its new headquarters, ending months of speculation about where the Los Angeles-based defense contractor would land.
The company signed an agreement to purchase 2980 Fairview Park Drive in Falls Church, a 334,000-square-foot building just off Route 50 and the Beltway. Northrop Grumman said it expects to be operating from the new headquarters by summer 2011.
ING Clarion Partners LLC owns the building. The contract purchase price was not disclosed.
The Falls Church building will house 300 or so employees from both Los Angeles and the company's current Arlington operations.
Northrop Grumman has about 40,000 employees in the entire Washington area. It has not determined how many of roughly 300 workers will migrate from Los Angeles or move from the Arlington office, said Randy Belote, vice president of strategic communications for Northrop.
Northrop Grumman (NYSE: NOC) announced in April it would relocate its headquarters to the Washington region.
In May, the Washington Business Journal reported the company might ultimately seek new construction for its Washington headquarters and use the purchase of an immediately-available space —like the Fairview Park location — as a temporary headquarters in the interim. Company officials declined to comment on that speculation.
California is expected to keep the vast majority of Northrop Grumman's 30,000 aeronautics division employees.
Sarah Krouse contributed to this report.