Richardson continues to welcome quality creators and users of technology

11/05/2015

By John Jacobs | Executive Vice President


Richardson’s economic development strategy of welcoming quality creators and users of technology produced the two biggest splashes of the summer and early fall months. RealPage, a Software-as-a-Service company that specializes in real estate, particularly multi-family real estate, announced in June that it will be relocating its 2,000-employee corporate headquarters to space in the former Nortel facility at 2201 Lakeside.

 

 

 

Then, in July it was confirmed that GEICO will be moving its Dallas-Fort Worth regional headquarters and 1,800 employees to the former Fossil headquarters building at 2280 N. Greenville. The company is currently renovating and adding space at the building with expectations of occupying it early next year.

 

GEICO, the acronym for “Government Employees Insurance Company,” is headquartered in Chevy Chase, Maryland, and has 10 regional headquarters in the United States, with Richardson soon to be one. GEICO is Texas’ fourth largest auto insurance company and the second largest in the U.S. behind only State Farm. GEICO and its ubiquitous Gecko lizard have been in the forefront of the exploding online market for auto insurance. Use of the latest Internet technologies has propelled GEICO’s continued growth. 

 

However, it’s a little known fact that GEICO has Texas roots. The company was founded in 1936 in San Antonio, Texas, by Leo Goodwin, a former USAA executive. Believing that non-military government employees would also be lower-risk customers, Goodwin moved the company to Washington, D.C., the next year, and the rest is history. After many years of operating as a publicly traded entity, GEICO was acquired in 1996 by Warren Buffet’s Berkshire Hathaway and became its wholly-owned subsidiary.

 

Another strategy-backed positive result for Richardson was the addition in October of Yankon Lighting, a Chinese LED lighting products company. In business since 1975, Yankon will make Richardson its second office in the U.S. after establishing a California presence 10 years ago.

Yankon is headquartered in Zhejang, China, and is traded on the Shanghai stock exchange. The company has 1,400 employees worldwide and revenue of over a half billion dollars.

 

The Mayor’s Office of International Business Development, created three years ago, has been very active in promoting Richardson and its Telecom Corridor® area around the globe. In fact, the REDP recently completed a very successful marketing trip to China, Taiwan and Japan, building business ties with other quality Asian companies. 

 
 
2015 Richardson Expansions and Relocations 
# DateCompanyBusinessTypeFromOccupancyAddressSquare FeetType Space JobsBroker 
1 1/3/2015Service KingHeadquarters for auto repair businessRelocationRichardsonLease2600 NCX #40027,000Office80Brandon Wood,
Corp. Realty Adv.
2 1/8/2015iWire365B2B communications consultingRelocationPlanoLease700 N. Glenville #70012,000Flex30Nicholas Payne,
PS Business Parks
31/15/2015Nexa TechnologiesCustomizable online stock trading systemRelocationPlanoLease801 E. Campbell #4005,842Office20Deborah Borum
Beltway Co.
41/20/2015TNT DentalInternet and web services for dental professionalsRelocationPlanoBuy500 Lockwood10,928Office45None
52/5/2015Texas Instruments Manufacturer of semiconductor chips Relocation Plano Own 300 W. Renner 100,000 Office 400 None 
62/5/2015Hitachi Telecom HQ for telecom arm of Hitachi Renewal Richardson Lease 2280 Campbell Creek 33,014 Flex 100 Susan Arledge,
Cresa 
72/6/2015 Avnet Distributor of technology parts and equipment Relocation Richardson Lease 3101 E. PGBT 36,000 Office 40 John Aldrich,
Aldrich Group 
2/6/2015 Amerisource-Bergen Contact center for Fortune 50 pharma company Relocation Frisco Lease 1225 Alma 38,000 Office 250 Chris Doggett,
Fobare 
92/10/2015TD AmeritradeData center for stock trading firmRelocation Carrollton Buy 1811 Renner 73,320 Data Center 15 Anthony Bolner, Stream 
103/26/2015Vertex GroupHQ for utility company BPORelocationRichardsonLease501 W. PGBT #35020,000Office250
Chris Doggett,
Fobare 
114/17/2015Kathrein GroupUS HQ for wireless telecom business RelocationMedford, OR Lease2400 Lakeside8,026Office25Mark Jordan,
Sooner Mgmt
125/1/2015Silicone Specialties, Inc Materials for highway and commercial construction New Branch Dallas (HQ) Lease 610 S. Sherman #118 6,397Flex15 Ryan Wolcott,
Stream 
135/12/2015Frontier CommunicationsPhone and cable TV operatorRelocationAllenLease2221 Lakeside192,340Office800Rick Hughes,
Cushman & Wakefield
146/4/2015RealPageSoftware for real estate managementRelocationCarrolltonLease2201 Lakeside400,000Office2,000Tim Terrell,
Stream
15 7/2/2015GEICO Automobile insuranceRelocationFarmers BranchLease2280 N. Greenville232,000Office1,800Tom Lynn & Nick Lee
NAI Robert Lynn
167/3/2015 GXT, Ltd.Telecom engineering and consultingExpansionRichardson Lease1130 E. Arapaho8,252Office 30Kent Smith,
NAI Robert Lynn
177/7/2015Adolfson & PetersonCommercial general contractorExpansionRichardsonLease1600 N. Collins19,000Office45None
187/23/2015Adva OpticalOptical networksRenewalRichardsonLease2301 N. Greenville Ave.25,000Office75Baron Aldrine
CBRE
198/6/2015RealPageSoftware for real estate managementRelocationCarrolltonLease2221 Lakeside25,000Office100 Tim Terrell
Stream
2010/12/2015Yankon LightingLED lighting lamps and fixturesNew BranchChinaLease1365 N Glenville 15,000Flex5Josh Barnes
Holt Lunsford
2110/13/2015AppfolioSaaS for property management and law officesExpansionRichardson Lease1701 N. Plano Rd.24,479Flex45Randy Cooper
DTZ








  
 
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