The Richardson Report - Spring 2007 Edition
Surround yourself with Synergy

UT Dallas Opens $85 Million Natural Science & Engineering Research Building

On Tuesday, June 5, the state-of-the-art, architecturally diverse Natural Science and Engineering Research Laboratory (NSERL) at The University of Texas at Dallas was formally dedicated by University of Texas System Chancellor Mark Yudof, UT System Regent Robert A. Estrada and UT Dallas President Dr. David E. Daniel. Texas businessman and two-time presidential nominee H. Ross Perot gave the keynote remarks. A reception and open house with building tours followed the formal ceremony.

President Daniel noted that the building, which could eventually accommodate as many as 350 faculty, graduate students and post-doctoral researchers, will provide a new perspective.

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Richardson Class A Office Data (2nd Quarter 2007)

Number of Buildings
30
Total Inventory
5,385,237 SF
SF Leased
5,012,759 SF
Occupancy Rate
90%
Vacancy Rate
10%
Average Rent
$23.27 SF/yr

Source: CoStar


REDP Jobs Ticker

2007 YTD Jobs
Retained/
Attracted/Created

1,046

 

Click here to enlarge the chart

Click here to enlarge the chart


 

MetroPCS Plans Relocation of Headquarters, 400 Workers, to Richardson’s Telecom Corridor®

MetroPCS
RICHARDSON, Texas June 25, 2007

MetroPCS Communications, Inc. (NYSE:PCS), the nation’s leading provider of flat rate unlimited wireless communications services, announced that it has leased the Lakeside Centre II office building in Richardson, Texas, for the relocation of its corporate headquarters and its 400-person workforce. The six-story, 115,583 square-foot Lakeside Center II facility, located at 2250 Lakeside Blvd. in the Greenway Office Park, is owned by CommonWealth Partners, LLC.


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Hall Financial Group Acquires 62-Acre Site For Class A Office Park In Richardson

 

MetroPCS

RICHARDSON, Texas
July 9, 2007

Hall Financial Group, a diversified holding company that is active in commercial real estate development, has acquired a 62-acre land parcel at the southwest corner of the President George Bush Turnpike and Custer Road in Richardson. Hall will develop the site into an office park featuring multiple Class A office buildings. The project is the largest speculative Class A office development ever announced in Richardson’s Telecom Corridor® area.

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REDP News and Trends
  • Richardson ISD Selected as $100,000 Grand-Prize Winner in 2007 H-E-B Excellence in Education Awards
    More >>
  • Richardson Companies Dominate Venture Capital Investments for Second Consecutive Quarter
    More >>
  • Richardson City Council Approves 1st TIF project
    More >>
REDP Relocation & Expansion News
  • Mid-Year 2007 Relocation Report More >>
  • Company Relocation Highlights for 2nd Quarter 2007 More >>
Retail Updates
  • Belt Line Road Retail Redevelopment More >>
  • Richardson Restaurant Update More >>

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Richardson Economic Development Partnership::
411 Belle Grove Drive Richardson, Texas 75080-5297 phone :: 972.792.2800 www.telecomcorridor.com