Monrovia-based World Vision U.S. has signed an agreement to buy 15 acres in the Seattle area to build a four-story headquarters building.
In March, World Vision U.S. announced a cost-saving plan to sell its 11 buildings in the San Gabriel Valley and look for new headquarters. World Vision U.S. officials estimated that the agency will save about $5 million a year by making the move. The international Christian relief and development agency has been in Monrovia since 1965.
World Vision U.S. bought the land in the city of Federal Way from Weyerhaeuser Co. for an undisclosed price.
More than half of World Vision’s employees--about 300 people--indicated that they would relocate to the Seattle area, according to an in-house survey. World Vision expects to make the move by September, 1995.