Corporate Relocations/Expansions

[Cbdallas]

Thermomix is rumored to be going to West Village area which I would assume is the empty (Richards Group) building. Hope so that area needs a boost since the Central Market development has stalled out.

[Tnexster]

Thermomix is rumored to be going to West Village area which I would assume is the empty (Richards Group) building. Hope so that area needs a boost since the Central Market development has stalled out.

Thermomix headquarters going to Uptown/West Village area of Dallas

https://www.bizjournals.com/dallas/news ... allas.html

Global kitchen appliance maker Thermomix has zoomed in on the Uptown/West Village area of Dallas in its corporate headquarters move from Southern California, according to the company.
Thermomix, which announced plans to move its corporate headquarters to Dallas on Friday, will create 30 to 40 positions at the new head office in Dallas in addition to hundreds of new independent consultants the company intends to onboard as part of an ambitious expansion plan to accelerate its U.S. sales, a company spokesperson said in response to an email from the Dallas Business Journal.

[I45Tex]

Eburress posted a relocations list in a different forum recently:

viewtopic.php?f=2&t=807&p=47716&hilit=Landsea#p47710

[I45Tex]

Updates to eburress' handy timeline:

2024? (Dallas) Frontier Communications?
2024? (Unknown?) Airborne Motorworks?
2023 (Dallas) Thermomix
2023 (Plano) Westwood Professional Services
2023 (Allen) Inbenta https://finovate.com/customer-experienc ... rm-horizn/
2023 (Irving) Cacique Foods
2022 (Irving) Caterpillar
2020 (Westlake) Charles Schwab including TD Ameritrade
2019 (FW) Oneworld Alliance
2015 (Plano) Toyota Motor Company USA

And ones that moved away and/or broke apart:

2023 (Irving) ExxonMobil
2020 (Dallas) Dean Foods

[itsjrd1964]

Frontier announced this morning they will relocate to Dallas. 3000 jobs are expected to be created. Frontier will locate in Uptown, but the article didn't say exactly where. No timeframe was given for the move or when it would be completed.

https://www.nbcdfw.com/news/local/front ... s/3337348/

[tamtagon]

It'd be great if Verizon moved to Las colinas

[eburress]

Frontier announced this morning they will relocate to Dallas. 3000 jobs are expected to be created. Frontier will locate in Uptown, but the article didn't say exactly where. No timeframe was given for the move or when it would be completed.

https://www.nbcdfw.com/news/local/front ... s/3337348/

That's exciting! Yay!

[Tnexster]

Frontier announced this morning they will relocate to Dallas. 3000 jobs are expected to be created. Frontier will locate in Uptown, but the article didn't say exactly where. No timeframe was given for the move or when it would be completed.

https://www.nbcdfw.com/news/local/front ... s/3337348/

It's official: Frontier to relocate headquarters to Dallas

https://www.bizjournals.com/dallas/news ... allas.html

Along with the headquarters, Frontier plans to invest in a 95,000-square-foot office space in Dallas' Uptown neighborhood, which will house the company's executive team and hundreds of corporate employees. It has already dubbed the space "GigaHub."

The GigaHub was first teased in a Dallas City Council meeting agenda in August. At the time, the company revealed that it would like to seek designation as an Enterprise Zone project under the Texas Enterprise Zone Act for office space at 1919 McKinney Avenue.

[Tnexster]

Could Chicago’s CME futures exchange be Texas’ next relocation home run?
Gov. Greg Abbott, during a TV appearance in New York, said he has approached the world’s largest futures exchange about making a move to Texas.

https://www.dallasnews.com/business/eco ... -home-run/

Goldman Sachs Group Inc. is building a new campus in the upscale Dallas neighborhood of Victory Park. The almost $500 million, 815,000-square-foot campus is set to start construction in the coming months and will house thousands of Goldman Sachs workers when it opens in 2027.

Bank of America Corp. just announced it will be moving local operations to a new skyscraper that will be about a half mile from Goldman’s planned campus. The bank plans to relocate about 1,000 workers from its signature Main Street skyscraper in downtown Dallas to a 30-story Uptown office tower to be built overlooking Klyde Warren Park.

Another big lender, Wells Fargo & Co., has broken ground on a new $500 million campus in Irving. It cited North Texas’ growing financial sector employment as a major factor in its decision to build an 850,000-square-foot, 22-acre office project in Las Colinas.

CME, the Chicago Mercantile Exchange, has been in the Windy City for more than a century, and luring one of the most iconic trading firms to Texas would be a huge step forward and one that would diversify the financial services industry in the state.

[R1070]

And Dallas makes the most sense if they do relocate.

[Addison]

Fuck Exxon and fuck Houston!!! Just keep on twisting that knife...

Exxon Mobil Eyes Potential Megadeal With Shale Driller Pioneer

https://www.wsj.com/articles/exxon-mobi ... _lead_pos2

[itsjrd1964]

Exxon Mobil Eyes Potential Megadeal With Shale Driller Pioneer

https://www.wsj.com/articles/exxon-mobi ... _lead_pos2

The deal is official....

https://corporate.exxonmobil.com/news/n ... ransaction
https://www.dallasnews.com/business/ene ... -by-exxon/

....but, Pioneer will still have its Las Colinas offices for a time:

https://www.dallasnews.com/business/ene ... quisition/

[Casa Linda]

I think I heard $2B in synergies, which means $2B in layoffs and similar cost reductions via consolidation. Capitalism at work, and c-suites finding a way to leave their mark and legacy.

[I45Tex]

IIRC the ExxonMobil mega-buyout of XTO Energy was responsible for Fort Worth not being home to a new 50-60 floor tower for XTO headquarters during the fracking boom. Their downtown would have been similar to Oklahoma City's.

And even though it's bad for local businesses not to be making decisions about innovation and about training management talent locally, it can be good for the acquired firm in some sense:

Wikipedia: "..,ExxonMobil's acquisition of XTO made it the largest producer of natural gas in the U.S.
Since then, XTO Energy's resource portfolio has tripled through several acquisitions."

Plano's Reata Pharmaceuticals (RETA) was delisted from NASDAQ in the past few weeks after being bought by Massachusetts-based Biogen (BIIB).

[Matt777]

Is it possible this merger could be shot down due to antitrust issues? An axios article seemed to think so.... but that publication can be hit or miss.

[Tnexster]

Move to Uptown marks headquarters shift to Dallas for marketing firm PMG
The digital marketing company has the momentum — and the room — to continue its rapid expansion.

https://www.dallasnews.com/business/rea ... -firm-pmg/

A digital marketing and technology firm has grown quietly in North Texas, ballooning to over 900 employees and counting.

Over the past 14 years, PMG has built a portfolio that includes work for Nike, Apple, Whole Foods, Sephora and local companies, such as Omni Hotels & Resorts, Dave & Buster’s and Nothing Bundt Cakes. After making two acquisitions last year, the firm is ready for its next growth phase, starting with a headquarters shift from Fort Worth to Dallas.

[vman]

Wingstop to move headquarters from Addison to Dallas
https://www.dallasnews.com/business/rea ... to-dallas/

"Wingstop Inc. plans to move its headquarters south from Addison to Dallas.

The high-growth franchisor and restaurant operator will lease 112,000 square feet space in One West Village, the office building formerly known as the Richards Group building that sits along southbound North Central Expressway.

“At Wingstop we have our sights set on becoming a Top 10 Global Restaurant Brand and we believe our people are our competitive advantage,” said Donnie Upshaw, Wingstop’s senior vice president, Corporate Restaurants, and chief people officer.

Wingstop was founded in Garland in 1994 and has grown to 2,200 locations worldwide. The company, which offers a range of chicken-centric dishes from wings to sandwiches to tenders, reported its 20th consecutive year of same-store sales growth for fiscal year 2023, with system-wide sales jumping 27.1% to about $3.5 billion.

"The company will take down the 15th, 16th, 17th and 18th floors with a 13-year lease term"

[I45Tex]

Chicken-centric Expressway