Education technology company Blackboard is shifting its global headquarters to Northern Virginia from its Washington, D.C. location, according to a press release published on January 2 by the company.
The firm will have its new office at 11720 Plaza America Drive in Reston, VA, where both D.C. and Northern Virginia branches will merge. A Blackboard spokesperson said the lease for the new office was signed on December 28, 2018.
“The new office space offers a rich and dynamic environment for our employees as well as convenient access to dining and shopping and easy access to major commuter routes, public transportation and Dulles International Airport,” Blackboard CEO Bill Ballhaus said in his statement.
The company statement said that bringing together the D.C. area employees will also “create a new, exciting and more vibrant work environment that will continue to fuel a culture of creativity, innovation and collaboration.”
The company did not disclose the space specifics and the number of employees planned to be shifted to the new office. However, it was announced that the D.C. and Virginia employees will start working at the new office space in the fourth quarter.
According to Washington Business Journal, which first reported on the plan to move the location of the company’s global headquarters, the D.C. office enjoyed tax benefits for firms that signed large, long-term lease “valued at half the company’s tenant improvement costs, or a maximum of $5 million over five years.”