Headquarters
| This section contains information of unclear or questionable importance or relevance to the article's subject matter. Please help improve this article by clarifying or removing superfluous information. |
At one time Hollywood Video was headquartered in Beaverton, Oregon, in an 85,000-square-foot (7,900 m2) office building. In 1996 Hollywood moved its employees out of the building two years into its five-year lease. In 1996 Poorman-Douglas Corp agreed to occupy all of the space in the Beaverton building, relieving Hollywood of extra rent payments.
After Hollywood decided to leave Beaverton, it signed a long-term lease for a 166,000 square feet (15,400 m2) building in Wilsonville, Oregon. Robert Goldfield of the Portland Business Journal said that Hollywood Video "barely" took occupancy of the structure; then Mark Wattles, the chief executive, decided to move the offices and the Hollywood Video headquarters to the former Smith's Home Furnishings headquarters in Wilsonville. In 1996 170 full-time employees worked from the headquarters. The 173,000 square feet (16,100 m2) Smith's headquarters facility was no longer occupied by October 1998; as of that month the space was for lease. Hollywood's Nasdaq trading became no longer active.
In 1997, when Hollywood was considering a new headquarters location, the City of Wilsonville had signage codes that did not allow companies to use neon. The codes made Hollywood consider using other locations. Members of the City of Wilsonville's development review boards said that neon was out of character for the Wilsonville Business Park, Hollywood Video's prospective location.
In January 1999 Trammell Crow Co. bought the 77 acres (31 ha) Thrifty Payless Inc. headquarters for $25.5 million and then broke the compound into sections, selling pieces of it for a total of $22 million; Trammell Crow retained control of the $8 million, 120,000-square-foot (11,000 m2) headquarters building. Hollywood leased the headquarters building, and Hollywood remained headquartered in Wilsonville.
Read more about this topic: Hollywood Video
Famous quotes containing the word headquarters:
“Anything goes in Wichita. Leave your revolvers at police headquarters and get a check.”
—For the State of Kansas, U.S. public relief program (1935-1943)
“What does headquarters think these guys came over here for, a sewing circle? They go up playing for keeps. Cops and robbers with rocks in the snowballs. Brass knuckles and lead pipes and a roughneck conviction they can lick any man in the world.”
—Dalton Trumbo (1905–1976)
“If the national security is involved, anything goes. There are no rules. There are people so lacking in roots about what is proper and what is improper that they don’t know there’s anything wrong in breaking into the headquarters of the opposition party.”
—Helen Gahagan Douglas (1900–1980)