2014 brings 33 projects, over 5,000 new or retained jobs to Richardson

01/29/2015

2014 was another banner year for Richardson with 33 relocation or expansion projects, over 5,000 new or retained jobs, and office leasing that topped 1.4 million SF.



Left to right: Raytheon construction, State Farm fourth building construction at CityLine

 

Major development projects for the year included State Farm’s fourth new building with 500,000 SF and adding another 2,300 jobs, bringing the total State Farm campus to 2 million SF with over 9,000 jobs, and Raytheon’s Information and Intelligence Service campus adding 489,000 SF and 1,700 relocating jobs. 

 

Other lease additions of 20,000+ SF include:

 

  • Polytronix, an innovator in the design, manufacturing and marketing of liquid crystal displays added 40,000 SF and now occupies 3 buildings
  • Inogen, a California-based company that manufactures and markets portable oxygen equipment, added 25,000 SF to their Richardson offices
  • HBS Systems, a 30-year old company that is a leader in the design and development of business and electronic information systems for agricultural and industrial equipment dealerships, has grown to 24,000 SF at their Waterview facility
  • Hyundai Digitech, which provides complex repair and refurbishment of wireless handsets added another 20,000 SF
  • RT Creative Group, a video production company relocated to Richardson, leasing 20,000 SF. 

 

With the upbeat projections for the Dallas area commercial real estate in 2015, we believe that Richardson will continue to be a strong player in the region, especially with the freeing up of over 1.5 million SF of office space as State Farm moves from its temporary to permanent location.



2014 Richardson Expansions, Relocations and Start-Ups
#DateCompanyClusterBusiness Type From Occ. Address Square Feet Type Space Jobs Broker 
11/6/2014HBS SystemsSoftwareAgriculture & industrial equipment industries Relocation Richardson Lease 3400 Waterview #200 24,000 Office 60 Daniel Rudd
NGKF 
1/1/2014 Asymblix, LLC HT-otherMetal cabinets for servers and computers RelocationRockwall Sublease 1216 N. Glenville 17,387 Flex 25 
Bryan Lurie, RMB 
31/13/2014PHA Consulting Engineers, Inc.HT-otherConsulting engineersRelocationRichardsonLease1101 E. Arapaho, Ste 1305,162Office20 Kent Smith, NAI Robert Lynn 
42/14/2014 State Farm FIRE Property insurance Relocation Bloomington, IL Lease CityLine 500,000 Office 2,300 R. Cooper, C. Wilson, Cassidy Turley 
2/18/2014 Image Technology Systems Software Develop software for lodging facility management Relocation Plano Buy 2209 N. Collins 11,810 Flex 35 None 
63/24/14 ZTE Telecom Mobile handset manufacturers Renewal Richardson Lease 2425 NCX 45,000 Office 120 Rachel Brown, JLL 
73/25/2014Prodea HT-other Home digital entertainment platform Renewal Richardson Lease 2434 NCX #500 13,000 Office 70 None 
3/26/2014 Raytheon HT-other Information and intelligence services Relocation Garland Build CityLine 489,000 Office 1,700 B. Selner, S. Holley, JLL 
94/15/2014Cariloop Software Software platform for senior care options Relocation Austin Lease 2011 N. Collins Ste. 805 1,500 Office  
10 5/29/2014 Custom Credit Solutions Software Credit application forms for lenders Expansion Richardson Lease 801 E. Campbell 15,000 Office 15 Kent Smith, NAI Robert Lynn 
11 6/1/2014Advanced Retail Solutions, Inc. FIRE MEP contractor for retail facilities RelocationBall Ground, GA Lease 435 N. Grove 5,281 Flex 15 Bryan Lurie, RMB 
12 6/4/2014 Hyundai-DigiTech Telecom Mobile phone repair and service Expansion Richardson Lease 1299 Commerce 20,000 Flex 50 Justin Jordan
Carey Cox 
13 6/11/2014 XPS Solutions FIRE Property management for self-storage facilities Expansion Richardson Lease 2703 NCX 18,399 Office 100 Dave Petersen
NAI Robert Lynn 
14 6/18/2014 Divercety HT-other Design engineeringRelocation Carrollton Lease 1200 N. Bowser 15,000 Flex 20 None
15 6/18/2014 Intelang Software Next-gen Internet search engine software Relocation Richardson Lease WND7,000Flex 10 Janice Peters, Hudson Peters 
16 7/1/2014 Delta Greentech HT-other Makes power equipment systems, like UPS Renewal Richardson Lease 2360 Campbell #530 9,000 Flex 18 None 
17 7/1/2014 Talyst, Inc. Software Software for pharmacy/hospital mgmt Relocation Kirkland, WA Lease 904 N. Bowser 4,575 Flex 10 Bryan Lurie, RMB 
18 7/15/2014 Connectivity Wireless HT-other Install In-building wireless systems Renewal Richardson Lease 630 International #100 7,850 Flex 45 None
19 7/25/2014 NetPower Technologies HT-other DC/DC power conversion Expansion Richardson Lease 1680 N. Prospect 13,896 Flex 40 Ric Kanatzer, Studley 
20 8/11/2014 MedeAnalytics HT-other Analysis of big data for healthcare industry Relocation Dallas Lease 501 N. PGBT 18,235 Office 100 John Roper, CBRE 
21 9/1/2014 Backtell, LLC Software Business management software Relocation Plano Lease 1202 Richardson Dr. 6,184 Office 20 Bryan Lurie, RMB
229/1/2014 Simco Electronics, Inc. HT-otherService center for calibration & testing servicesRenewal Richardson Lease 783 N. Grove #106 6,517Flex 15 Bryan Lurie, RMB
2310/1/2014 Piburn & Carson FIRE Land surveying and civil engineering Relocation Dallas Lease 801 E. Campbell 5,378 Office 20 David Funderburgh,
Funderburgh Realty
24 10/1/2014Theatro Labs Inc. HT-otherWearable wireless technology for retail mgmt RelocationDallas Lease 308 Hilltop 16,449Industrial 30 
B. Schovanec    MORROWHILL
25 10/1/2014 Preferred Imaging HT-other Diagnostic imaging center Renewal Richardson Lease 1770 N. Plano Rd 7,258 Flex 15 Bryan Lurie, RMB 
26 10/7/2014 e2v Semiconductor Semiconductors, RF power and imaging products Relocation Milpitas, CA Lease 1302 E. Collins 7,000 Flex 50 Brad Little 
27 10/10/2014 RT Creative Group Media Video productions for churches Relocation Dallas Buy710 Presidential 20,760 Flex 20 
Kent Smith, NAI Robert Lynn 
28 11/1/2014 Stephens and Asso. HT-other Pharma and cosmetic testing Relocation Arlington Buy 1810 N. Grenville 22,049 Office 40 Richard Carlson, Carlson Commercial
29 11/1/2014 Sentinel Alarm Company SecuritySecurity companyRenewalRichardson Lease 1110 Collins Blvd. #135 4,826 Flex 20 Lewis & Tanghongs, Lee & Asso. 
30 11/15/2014 Qorvo (TriQuint) SemiconductorSemiconductor mfgExpansion Richardson Own 500 W. Renner N/A Industrial 150  
31 12/4/2014 Odell Medical Search Staffing Medical recruiting and staffing firm Relocation Plano Lease 101 W. Renner, 4th Floor 4,000 Office 15 Kent Smith, NAI Robert Lynn
32 12/4/2014Inogen Medical devices Portable oxygen concentrator Expansion Richardson Lease 1225 Commerce 25,000 Flex 80 Brett Lewis, Lee & Associates 
33 12/17/2014 Polytronix HT-other LED displays, privacy glass Expansion Richardson Buy 888 Alpha 40,300 Flex 100 John Roper, CBRE 
             
  Totals       1,406,806  5,333  
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