CarMax continues to expand its retail presence across the country.
A local Fortune 500 is on the hunt for downtown digs.
Multiple sources have said CarMax is looking to lease office space in downtown Richmond. The move would be the first for the Goochland-based used car retailer inside the city.
CarMax spokeswoman Trina Lee confirmed the company is reviewing potential locations downtown “to support our home office growth.” She did not elaborate.
Lee declined to say which properties the company is considering or how much space it is looking for, and she would not go into details as to how the space would be used.
“I don’t have further details at this time,” she said.
Lee did say the downtown space would be in addition to the company’s 250,000-square-foot headquarters in the West Creek office park in eastern Goochland. The 130-acre site, at 12800 Tuckahoe Creek Parkway, currently houses 1,086 employees.
“We will be continuing to maintain West Creek as our primary headquarters,” Lee said. “We own this land; we own the building. This would be an additional space.”
Lee said space is at a premium at that building, where the company is currently hiring for 92 positions, according to postings on its website. CarMax also has two local retail locations, at Innsbrook and in Midlothian. It moved its corporate offices to West Creek from Innsbrook in 2005.
“We certainly need more space to accommodate our growth,” Lee said.
The company also remains in growth mode nationally, with plans to open between 13 and 16 new stores each year for the next two years. It just opened two stores in Boston last week, bringing its totals to 155 stores and 22,350 employees across the country.
Earlier this year, the company leased a space in the Aspen Park warehouse facility on School Avenue in Henrico. The 5,228-square-foot space, at 5920 School Ave., is being used as a photo lab to test photography of the company’s vehicles, Lee said.
“It’s a facility we’re using to innovate and test our digital merchandising of our inventory,” she said, adding that vehicles are not rolled in and out of the location.
One downtown location that could be appealing to CarMax is the WestRock building at 501 S. Fifth St. The riverfront tower, formerly the headquarters building for MeadWestvaco, has freed up some space since that company merged with fellow packaging giant Rock-Tenn Co. to form WestRock this summer.
WestRock, also a Fortune 500 company, is looking to sublease some of the building’s space, said spokesman Tucker McNeil. He said he did not know specifics or a timeline as to when the space would be available.
WestRock leases the 310,000-square-foot tower from Select Income REIT, a Massachusetts-based real estate investment trust that purchased the building in 2013.
CarMax continues to expand its retail presence across the country.
A local Fortune 500 is on the hunt for downtown digs.
Multiple sources have said CarMax is looking to lease office space in downtown Richmond. The move would be the first for the Goochland-based used car retailer inside the city.
CarMax spokeswoman Trina Lee confirmed the company is reviewing potential locations downtown “to support our home office growth.” She did not elaborate.
Lee declined to say which properties the company is considering or how much space it is looking for, and she would not go into details as to how the space would be used.
“I don’t have further details at this time,” she said.
Lee did say the downtown space would be in addition to the company’s 250,000-square-foot headquarters in the West Creek office park in eastern Goochland. The 130-acre site, at 12800 Tuckahoe Creek Parkway, currently houses 1,086 employees.
“We will be continuing to maintain West Creek as our primary headquarters,” Lee said. “We own this land; we own the building. This would be an additional space.”
Lee said space is at a premium at that building, where the company is currently hiring for 92 positions, according to postings on its website. CarMax also has two local retail locations, at Innsbrook and in Midlothian. It moved its corporate offices to West Creek from Innsbrook in 2005.
“We certainly need more space to accommodate our growth,” Lee said.
The company also remains in growth mode nationally, with plans to open between 13 and 16 new stores each year for the next two years. It just opened two stores in Boston last week, bringing its totals to 155 stores and 22,350 employees across the country.
Earlier this year, the company leased a space in the Aspen Park warehouse facility on School Avenue in Henrico. The 5,228-square-foot space, at 5920 School Ave., is being used as a photo lab to test photography of the company’s vehicles, Lee said.
“It’s a facility we’re using to innovate and test our digital merchandising of our inventory,” she said, adding that vehicles are not rolled in and out of the location.
One downtown location that could be appealing to CarMax is the WestRock building at 501 S. Fifth St. The riverfront tower, formerly the headquarters building for MeadWestvaco, has freed up some space since that company merged with fellow packaging giant Rock-Tenn Co. to form WestRock this summer.
WestRock, also a Fortune 500 company, is looking to sublease some of the building’s space, said spokesman Tucker McNeil. He said he did not know specifics or a timeline as to when the space would be available.
WestRock leases the 310,000-square-foot tower from Select Income REIT, a Massachusetts-based real estate investment trust that purchased the building in 2013.