2017 Relocations and re-expansions

05/25/2017
With 11 buildings offering from 100,000 to 400,000 square feet of contiguous office space, Richardson is poised for a banner year in office leasing in 2017. That total includes Transwestern’s soon-to-be-completed 310,000 SF, 5-story 3400@CityLine building – the first pure spec office building in Richardson since year 2000.  
 
The first move for 2017 on the tenant side was made by Service King, which signed a 2-floor, 64,916 SF lease at the recently renovated Galatyn Commons complex. Then, in February, Texas Capital Bank added to its already significant back office operations here, taking 54,492 SF at Bill Cawley’s Lakeside Tower, 2221 Lakeside. Most recently, NICE (Neptune Intelligence Computer Engineering) Systems has found a new Richardson home at the former Verizon campus at 2400 N. Glenville.  
 
In flex space, Richardson vacancies are down to around 10%, a 15+ year low.  To further advance that trend, Former Texas Instruments executive  Richard Chang’s Shineray Tek has purchased a 124,640 SF, 2-story flex building at 1301-1303 E Arapaho where his innovative LED lighting company will base its US operations.
 

DateCompanyBusinessType From Occ. Address Sq. Feet Type Space  JobsWeb Address 
1 1/11/2017Service KingCorporate HQ for collision repair center Expansion Richardson Lease 2375 N. Glenville 64,916  Office  260 Service King
2 1/16/2017Shineray TekMakes innovative LED lighting fixtures Expansion Hong Kong Buy 1301-1303 E Arapaho 127,640 Flex 20 Shineray Tek
32/13/2017Texas Capital Bank Bank back office operations Expansion Richardson Lease 2221 Lakeside 54,492 Office 200 Texas Capital Bank
42/28/2017 Apollo MGA  P&C insurance services Relocation Allen Lease 2425 NCX 9,500 Office 30 Apollo MGA
53/1/2017 Gonzalez & Schneeberg  Engineering Services Relocation Plano Lease 2100 Lakeside 3,091Office 10 N/A
3/6/2017 Reaves Agency Employee benefits management company Expansion Richardson Lease 851 International 9,700 Flex 30 Reaves Agency
4/20/2017 NICE  Israeli cyber security company Relocation Richardson Lease 2400 N Glenville 22,000Office 70 NICE
5/15/2017Arkenstone  Sales of unique crystals and mineralsRelocation Richardson Buy 3301 Essex 19,637Flex 15Arkenstone
5/20/2017Dallas Lighthouse for the Blind  Charity supporting the vision impaired since 1932 Expansion Dallas Buy 111 W Spring Valley 52,984 Office 45 Dallas Lighthouse for the Blind 

           
Total          363,960 680 
 
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