TAMPA — Masonite has signed a long-term lease for the 128,000-square-foot building at 1001 E. Palm Ave in Ybor City, Florida. The Tampa-based window and door manufacturer will vacate two Ybor buildings and consolidate into the one location.

Masonite is expected to move into building by the end of the year, according to a statement. 

The headquarters deal comes as Owens Corning plans to acquire Masonite for $3.9 billion. Under the deal announced Feb. 9, Owens Corning will acquire all outstanding shares of Masonite for $133 per share in cash. The offer represents an approximate 38% premium to Masonite’s closing share price on February 8, 2024, and an approximate 46% premium to Masonite’s 20-day volume-weighted average price.