La-Z-Boy Incorporated has finalized the purchase a block of land from the Monroe-based Sisters, Servants of the Immaculate Heart of Mary (IHM) order. The land will be used to build a new World Headquarters for La-Z-Boy, which is expected to house approximately 500 employees. IHM and La-Z-Boy signed all of the closing documents for the sale of 120 acres of IHM property to La-Z-Boy.

Effective with the closing, IHM has transferred the care of the land to La-Z-Boy for La-Z-Boy's new headquarters campus. The company has a goal of breaking ground and beginning construction in the spring with the expectation of moving into the new headquarters in late 2014 or the first half of 2015. The preliminary plan includes a LEED certified headquarters building nestled into a parcel of land across from an oak savannah.

Vegetated swales in the parking lots, walking trails for La-Z-Boy employees and other natural features including meadows are also part of the plan.