An Uptown-based energy firm is making a move to downtown Dallas.
EnLink Midstream Operating now has its head office on Cedar Springs Road near Turtle Creek.
The company is the largest tenant in the 2501 Cedar Springs Road office building.
But EnLink has notified the Dallas economic development committee that it plans to shift its 285 workers to the One Arts Plaza office building in the downtown Arts District.
Ashley Furniture Industries Inc. will build a $65 million, 850,000-square-foot southwest regional distribution and fulfillment center on 358 acres in eastern Mesquite.
The project will have a full-time employment of 350 workers after it opens.
Mesquite has agreed to provide tax abatement incentives and will waive development fees for the project.
There are a few reasons why corporate America likes North Texas, Kramp said, including relatively affordable housing, a talented workforce, Texas economic incentives and connectivity to other parts of the country.
"Texas has already been extremely pro-business," Kramp said. "With tax abatements or some sort of skills development or workforce incentives, companies continue to expand and relocation here and incentives are part of that. I also don't see this sun setting anytime soon."
"We have done a lot of strategic work in evaluating global markets and it's clear that in the next five to seven years North America will be leading the market globally," Willis said. "North America is an important market and this relocation will, in an effect, take advantage of it."
The Dallas office is centrally located in North America, gives Zinwave access to a tech-savvy talent pool and is a favorable environment to operate a business, he said. The history of Dallas' telecom industry also played a role in North Texas landing the new corporate office.
Civitas Capital Group — a financial firm that works with global investors — plans to move its Dallas headquarters to the city's Arts District in downtown Dallas by this summer.
The company has signed a lease for 24,724 square feet of office space within One Arts Plaza in the Dallas Arts District.
DPatel304 wrote:Civitas Capital Group — a financial firm that works with global investors — plans to move its Dallas headquarters to the city's Arts District in downtown Dallas by this summer.
The company has signed a lease for 24,724 square feet of office space within One Arts Plaza in the Dallas Arts District.
http://www.bizjournals.com/dallas/news/ ... allas.html
I believe they are already located somewhere else in the CBD, so this isn't much of a 'win' for downtown.
On the economic development front, Broadnax called for a more assertive approach to attracting new corporate headquarters and other businesses to the city.
“We have had a wait-and-see attitude toward relocations and/or bringing in new businesses,” Broadnax said. “It’s kind of like, ‘They’re going to come to us regardless.’ I think we need to do a little better than that.”
Leading the charge in developing a more proactive economic development strategy will be Raquel Favela, who starting April 17 will fill the position of chief of economic development and neighborhood services, Broadnax said.
West Plano's $3 billion Legacy West development has landed another big name business.
Boeing will locate the headquarters for its newly formed global services division in the 250-acre mixed-use project at the Dallas North Tollway and State Highway 121.
The aerospace giant will join Toyota, JPMorgan Chase, Liberty Mutual Insurance and FedEx with offices in the new development.
The new Plano office will be home base for the division's 20,000 employees.
DPatel304 wrote:West Plano's $3 billion Legacy West development has landed another big name business.
Boeing will locate the headquarters for its newly formed global services division in the 250-acre mixed-use project at the Dallas North Tollway and State Highway 121.
The aerospace giant will join Toyota, JPMorgan Chase, Liberty Mutual Insurance and FedEx with offices in the new development.The new Plano office will be home base for the division's 20,000 employees.
http://www.dallasnews.com/business/real ... st-project
20,000 employees? That's insane!
EDIT: On second thought, perhaps 20,000 is the TOTAL number of employees in Boeing worldwide and they are simply saying Plano will be the 'home base' for those 20,000 employees. The wording is a bit ambiguous, but there is no way 20,000 employees are all going to be working at Legacy West.
EDIT2: "The Chicago-based aircraft maker plans to have the new division up and running with a few dozen professionals by later this year."
So it's only a few dozen professionals. It still seems like an important move, but not as crazy as I had initially thought.
Lone Wolf is leasing 25,000 square feet in downtown Dallas' 717 Harwood office tower where it plans to relocate its U.S. headquarters, according to filings with Dallas' Economic Development Committee. The company plans to have 150 jobs in the new location.
Lone Wolf is asking Dallas for a $150,000 economic development grant to set up the new office.
"This building can accommodate the future growth potential for the company which anticipates potentially leasing up to 100,000 square feet over time," according to the economic development committee report. "Also, the downtown location offers a favorable ability to attract technology workers in specialties of information technology, software engineering and systems architecture, along with other related fields."
cowboyeagle05 wrote:The question is always where are they moving their offices from the articles can be misleading sometimes saying the Toronto-based company but sometimes they were already located in North Dallas or in another nearby building.
Internet marketing agency Ansira Partners plans to move one of its two co-headquarters to the Galleria Towers in North Texas, which recently underwent a significant $19 million renovation.
The $19 million renovation gave the Galleria Towers — a three-building, 1.4 million-square-foot office complex — a new shine that has convinced some companies to expand operations at the property (like Amazon.com's significant expansion, doubling its footprint) and to relocate to the towers (like Kimley-Horn's relocation).
Banking giant Comerica Bank (NYSE: CMA) has extended its massive office lease in its namesake skyscraper in downtown Dallas, which keeps the bank in the tower where it has been for a decade.
The Dallas-based financial services company has renewed its lease for 222,000 square feet of office space at Comerica Bank Tower at 1717 Main St. in the city's central business district.
This new lease will take Comerica's real estate commitment to the tower through September 2028. Comerica has been in the Dallas tower since the bank moved its corporate headquarters to Dallas in 2007.
tamtagon wrote:There were some high hopes for Comerica when it moved to Dallas. At the time, it was a Fortune 500 company, unfortunately it grew a smaller player in it's segment rather than a larger one.... Kinda surprised Comerica has not been absorbed by an other bank.
As far as Texas based banks, is Frost bigger now?
In the current cycle, new office development has primarily been focused in the Legacy/Frisco and Uptown submarkets. Legacy/Frisco has secured a number of large corporate relocations and expansions, while most of Uptown’s new tenancy has come from Dallas’ central business district. Although this has caused vacancy concerns for downtown office buildings, the long-term outlook for the CBD is strong. In fact, we’re already seeing signs of the pendulum swinging back toward downtown, especially in the Arts District/Ross Avenue corridor.
tamtagon wrote:When is Samsung going to relocate it's New Jersey based Americas HQ to North Texas?!?!?!
Tucy wrote:/\ That is Samsung Semiconductor headquarters. Samsung Electronics America is still headquartered in New Jersey.
Users browsing this forum: No registered users and 2 guests