Wednesday, July 10, 2019

Ricoh USA cuts office space by more than half, relocates HQ

Natalie Kostelni Reporter Philadelphia Business Journal
Ricoh USA Inc. has slashed the amount of office space it occupies by more than half and is relocating its headquarters to Exton from its long-term home in Malvern.

The company leased 45,971 square feet at 300 Eagleview Blvd. in Exton and is relocating out of 107,000 square feet at 70 Valley Stream Parkway in Malvern. It has been in the Valley Stream building for more than 20 years.

“No job loss is directly associated with this move,” the company said in a statement. The relocation and reduction in space are part of the company’s desire to modernize its office space and incorporate new, evolving work styles in its space, it said. 

In 2012, Ricoh USA renewed its lease at 70 Valley Stream in a deal that kept it in the space until 2020. At the time, it had been in the building for more than a decade. The company was originally known as Ikon Office Solutions.
Full story: https://tinyurl.com/y4kuodak
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