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The corporation behind brands like Butterfinger, Tollhouse, Hot Pockets, Haagen-Dazs, and Di Giorno is setting up shop in Northern Virginia.
Governor Terry McAuliffe will announce this afternoon that Nestle USA is moving its headquarters from Glendale, California to Rosslyn, sources tell NBC Washington and several other news outlets.
The company is part of the global giant Nestle S.A., which is based in Switzerland.
“This is very exciting because Rosslyn has been undergoing a transformation from a successful commercial district to an engaging urban center with a great mix of residents, restaurants and commercial companies,” Mary-Claire Burick, president of the Rosslyn Business Improvement District, tells DCist. “So to land an iconic brand like Nestle is really a culmination of a lot of the BID’s work to make the neighborhood active and engaging and to make sure that we have the amenities that employees of a company like Nestle would be interested in.”
Governor McAuliffe told The Washington Post that state officials negotiated the deal for over a year as Nestle considered 20 locations across the country. The company, which was given $16 million in state and county subsidies, will now bring about 750 jobs to Rosslyn—half of them will be new hires.
The company sells 80 percent of its American products east of the Mississippi River, The Post reports. Paul Grimwood, chairman and chief executive of Nestle USA, told the paper that the move allows the company “to collaborate not just with consumers, but also with other important stakeholders in Washington and on Capitol Hill.”
The company is slated to move into the region’s tallest building at 1812 North Moore Street, which has been vacant since opening in 2013. The building is owned by Monday Properties, which Burick says strategized to bring in a “top top talent and industry leader.” “It was tough for them along the way—waiting for that perfect tenant is not easy—but I think we see that the proof is in the pudding and their gamble paid off.”
Nestle will begin its move this summer and is expected to be settled in by late next year, according to The Post.
