Business intelligence company ZoomInfo is expanding its Vancouver headquarters with a new lease at Terminal 1 along the Vancouver waterfront.
The move out of its current downtown Vancouver location isn’t until 2025. At that point the company will move in phases into the four-story, 366,000 square-foot building. Its lease is to eventually occupy the entire building.
“Vancouver represents a thriving and growing technology hub filled with some of the nation’s top talent. Not only will we be able to further invest in our team, but we’ll also be able to further support our community with more innovation,” said founder and CEO Henry Schuck in a written statement. “Terminal 1 is the perfect fit for ZoomInfo because it allows us to define new possibles as we build out our new global headquarters to help shape the future of our company.”
ZoomInfo (Nasdaq: ZI) has been evaluating expanding its Vancouver headquarters for many months. The company looked at 12 location in the Vancouver area before selecting Terminal 1, the company said in a statement.
ZoomInfo has 2,100 employees globally, including a growing footprint in the Boston area as well as Israel. Locally it has 700 employees. A company spokesman said Portland-area employees are still working remotely. The local office is open for those that choose to use it.
The company gathers, vets and sells business intelligence used by sales organizations. In July, ZoomInfo made a major acquisition when it bought Chorus.ai for $575 million in an all-cash deal.
Terminal 1 is being developed jointly by Lincoln Property Co. and Bridge Investment Group. Both groups see this lease as a major win for the Vancouver economy and the region. This redevelopment project is the original marine terminal for the Port of Vancouver. The project is designed for mixed use including dining, shopping and entertainment.
The 10-acre site is on the north side of the Columbia River and is in between the massive Waterfront Vancouver development and the Interstate 5 bridge.
“ZoomInfo’s rapid growth is attributable to both the worldwide success of its revenue-generating software and its commitment to fostering strong in-office collaboration,” said Patrick Gilligan, executive vice president, Pacific Northwest Region for Lincoln Property, in a written statement. “We’re looking forward to working with ZoomInfo to bring the vision for its new global headquarters to life and help create more jobs for the local economy.”
