2012 one of the most successful years in REDP history

01/31/2013

From a results perspective, the Richardson Economic Development Partnership concluded one of the most successful years in its history in 2012. REDP logged 49 expansions/relocations, 5,512 new or retained Richardson jobs and 1.9 million square feet of non-retail commercial space occupied.

 

The previous 5-year averages and the percentage increases in 2012 are:

 

28 projects (+ 75%)

3,171 jobs (+74%)

0.9 million SF occupied (+ 111%)

 

Those results do not include the December announcement by KDC and State Farm that a 1.5 million-square-foot office campus will be built in north Richardson over the next couple of years.

 

When Blue Cross & Blue Shield of Texas built its new 1.5 million-square-foot campus in Richardson in 2009, one had to go back to the history books to conclude that the project was the largest office campus built in DFW since J.C. Penney’s at Legacy Business Park circa 1987. Now, more research will be needed to see if there has ever been a single-phase office campus in excess of 1.5 million square feet built in North Texas.

 

Dirt has been moving already up on the Bush Turnpike for State Farm, and an official groundbreaking will likely be held sometime in the spring.   

 

Outside that blockbuster announcement, 2012’s economic development highlights were Safety-Kleen’s HQ relocation, globally-prominent business process management company Genpact’s selection of Richardson for its first non-acquired US operation, innovative medical device company Inogen’s relocation from California, data center additions by Digital Realty and Stream Data Centers, and, of course, the lease of an entire 291,000-square-foot building by State Farm Insurance as a precursor to their campus announcement.

 

All that economic activity and more helped push the City’s property tax base to a record $10.1 billion in 2012 with an enviable 64% of it being commercial property. And that has impressed the bond rating agencies – Richardson is one of only 5 Texas cities ( others being Austin, San Antonio, Plano and Irving)  that have the top AAA/Aaa credit rating from Standard & Poor’s and Moody’s.   

 

There’s no reason to expect that the economic pace will slow in 2013. In fact, there is an expectation that activity will become even more intense as Richardson continues to benefit from the decades-long foresight, leadership, transportation and infrastructure and public and private institutions that make it one of the finest environments for business in America

 
2012 Richardson Expansions, Relocations, Start-Ups
 
CompanyBusinessTypeOccupancyAddress Square Feet Jobs Web Address 
InnerWirelessIn-building wireless systems for hospitals, offices, hotelsExpansionLease1155 Kas 30,000 48 www.innerwireless.com 
Maverick Framing Inc.Commercial/residential constructionRelocationLease601 N. Glenville Dr. 5,500 15 www.maverickframing.com 
Safety-Kleen Oil recycling, industrial cleaning, equipment and services-HQ Relocation Lease 2600 N. Central Expy 85,200 300 www.safety-kleen.com 
Rackspace Hosting Data center services provider Expansion Lease DataCenter Park 58,200 10 www.rackspace.com 
Voss Solutions Cloud solution for complex unified communications Expansion Lease 2301 N. Greenville #270 5,800 20 www.voss-solutions.com 
Blue Telecom Telecom engineering services Expansion Lease 2100 N. Greenville 2,500 10 www.bluetelecom.com 
K&B National Research Consumer testing Relocation Lease 1100 E. Campbell 5,500 15 www.kbnationalresearch.com 
SOT Abrasives Industrial services - vibratory job shop Relocation Buy 1681 Firman 25,712 10 www.sottexas.com 
JP Everhart Hole-in-one insurance Renewal Lease 1840 N. Greenville #178 15,000 28 www.hio.com 
Texas Capital Bank Back-office financial services Expansion Lease 2350 Lakeside 26,500 100 www.texascapitalbank.com 
Genpact LLC IT and business process outsourcing services Relocation Lease 3101 E. PGBT #200 28,877 200 www.genpact.com 
Wildfire XM, LLC Digital and commercial printing Relocation Lease 1161 W. Executive Dr. 15,525 20 www.wildfirexm.com 
American Heart Association501c3 charitable organization Renewal Lease 1100 E. Campbell 17,473 60 www.heart.org 
ASI Corp.  Distributes IT hardware and software products Renewal Lease Cardinal Park 30,000 50 www.asipartner.com 
Polytronix Design and mfg of electronic products RelocationBuy701-735 N. Plano Rd.100,065 90 www.polytronix.com 
CassidianFirst-responder communications systemsRelocation Lease 1301 W. PGBT #150-160 13,634 70 www.cassidiancommunications.com 
Travelers InsuranceProperty and casualty insurance Renewal Lease 1301 E. Collins 142,562 600 www.travelers.com 
Yahoo! Internet content and services Renewal  1680 N. Glenville 45,619 150 www.yahoo.com 
ASI Computer PC distributor Renewal Lease 1680 N. Glenville 30,000 30 www.asipartner.com 
United Healthcare Medical insurance claims processing Expansion Lease 1301 W. PGBT 50,000 250 www.uhc.com 
Digital Realty Provider of data center space Expansion Build 1215 DataCenter Park 112,023 www.digitalrealty.com 
Bank of America Financial services Expansion Build 3510 Wyndham Ln. 18,300 www.bankofamerica.com 
State of Texas Health and human services unemployment and training Relocation Lease 1055 S. Sherman 15,223 30 www.texas.gov 
Inogen Portable oxygen therapy equipment Expansion Lease 1125 E. Collins 31,204 200 www.inogen.net 
Metroplex Mail Co. Direct-bulk mail services since 1990 Relocation   Lease 1400 Distribution; 1352-66 Exchange Dr. 5,884 10 www.metroplexmail.net 
NoorArt Warehouse for Arabic educational products for children & adultsRelocation Lease 1400 Distribution; 1352-66 Exchange Dr. 7,032 10 www.noorart.com 
Go Industries Makes parts for trucks/SUV aftermarket Expansion Buy 909 N. Bowser 39,602 60 www.goindustries.com 
Siemens Baggage checking equipment for airports Renewal Lease 1010 E. Arapaho 26,161 50 www.siemens.com 
Reliant Hospital Partners Rehab hospital operator Relocation Lease 1300 E. Lookout 6,000 20 www.relianthcp.com 
Southland Technology Convergence of voice, video and data on IT backbone Relocation Lease 1909 N. Glenville #100 2,499 www.southlandtechnology.com 
Methodist Health System Hospital care Expansion Build Renner & Shiloh 266,250 900 www.methodisthealthsystem.org 
Extend Health, Inc. Health insurance Expansion Lease 1122 Alma 20,000 200 www.extendhealth.com 
UTSW Medical School Clinic for UTD students and staff Relocation Lease 3030 Waterview 40,000 30 www.utsouthwestern.edu 
Stream Data Centers Spec data center Expansion Build Renner & Wyndham 73,320 20 www.streamdatacenter.com 
State Farm Insurance Operations center for auto, home and life insurance Relocation Lease 1011 Galatyn Pkwy. 282,000 1,200 www.statefarm.com 
V.T. Inc. Chrysler-Jeep-Dodge auto dealership Expansion Own 1321 N. Central Expy.23,225 70 www.richardsoncjd.com 
GXS, Inc. B2B e-commerce company RelocationLease 2434 N. Central Expy.10,08630 www.gxs.com 
FCCI Insurance P&C and workers comp insurance company Relocation Lease 2435 N. Central Expy. 5,292 20 www.fcci-group.com 
Eckard Global, LLC Oil & gas exploration Expansion Lease 2435 N. Central Expy. 6,073 20 www.eckardglobal.com 
Farmer, Fuqua & Huff, PC CPA firm Relocation Lease 2435 N. Central Expy. 8,087 30 www.ffhpc.com 
Urban Design Group Architectural firm Relocation Lease 2600 N. Central Expy. #500 9,21728 www.urbandesigngroup.com 
Mavenir Systems Provide converged LTE services for mobile Relocation Lease 1700 International 43,750 40 www.mavenir.com 
American Homes 4 Rent Buying and leasing foreclosed houses Expansion Lease 801 E. Campbell 8,500 30 www.americanhomes4rent.com 
Intrusion, Inc. Security software for network monitoring Renewal Lease 1101 E. Arapaho 27,777 80 www.intrusion.com 
Nationwide Insurance P&C insurance Renewal Lease 2150 Lakeside 13,227 50 www.nationwide.com 
Geotrace Oil & gas reservoir analysis and management Renewal Lease 2435 N. Central Expy. 12,240 40 www.geotrace.com 
Sherwin-WilliamsRegional office for paint company Renewal Lease 2100 Lakeside 26,873 100 www.sherwin-williams.com 
BroadSoft, Inc. Voice-over-IP services Renewal Lease 1301 E. Arapaho #104 17,408 60 www.broadsoft.com 
Qmacs, Inc. Medical insurance claims processing Renewal Lease 2929 N. Central Expy. #300 25,756 100 www.questservice.com 
TOTALS    1,916,6965,512 
 
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