Kirk Pinho, Crain's Detroit Business
Magna International Inc. will relocate about 300 employees into 117 300 sq.ft (10 898 sq.m) of office space in a new Troy, Michigan, headquarters by September.
Magna supplies automotive interiors and seating, including those made from polyurethane.
Tracy Fuerst, director of corporate communications at the automotive supplier, said the companies Magna supplies were notified of the decision Monday morning.
"Our US headquarters has been in the Troy area for more than 15 years now, which is an ideal location because it centrally locates us near most of our customers," Jim Tobin, chief marketing officer for Magna, said in a statement provided to Crain's. "It was important to us to stay in this area and find a suitable office location that could accommodate an increased staff."
Fuerst said the company had outgrown its existing space.
"We have some sales, marketing, engineering and other office personnel from existing operations around the area" moving to the North Troy Corporate Park, Fuerst said. "We only needed 113,000 (square feet) right now, but we were looking for a building that gave us a little bit more room to grow, if and when we needed it."
In January, Magna announced plans to expand its Magna Seating of North America plant in Highland Park, Michigan. The $2.2 million investment was expected to create 244 jobs.