LG Acquires Office Building
LG Electronics' U.S. operation has purchased an office building in Englewood Cliffs, N.J., with an eye towards expansion, the Bergen County Record reported Friday.
LG is currently headquartered just over two miles from the new building, also on Sylvan Ave. in Englewood Cliffs, while the company leases space in other buildings in the same area. The buildings are near the Hudson River, directly across from the Northernmost part of Manhattan.
The 410,000-square-foot building, a company spokesman told Reuters, is an "opportunity for expansion of U.S. headquarters," although the building itself could be renovated or torn down in favor of other uses of the land.