Weyerhaeuser moving headquarters to Seattle

|About: Weyerhaeuser Co. (WY)|By:, SA News Editor

The company's 430-acre campus in Federal Way, WA "is costly and too large for our needs," says CEO Doyle Simons, who also adds the move to Seattle will give Weyerhaeuser (NYSE:WY) access to a larger talent pool.

The move - expected to take place in 2016 - will be to a new development in Seattle's Pioneer Square district, and the Federal Way land and buildings will be sold.