News & Events in Richardson, TX

Here’s an update on the latest news and events taking place in Richardson, Texas:

Expansions/Relocations

Texas Instruments will open its 1.1 million-square-foot advanced semiconductor manufacturing plant “R-Fab” in October. The company will employ 250 workers, and the first production from R-Fab will be shipped by the end of 2010. The first 300-millimeter factory to produce analog chips, RFAB is also among the semiconductor industry’s most environmentally responsible production plants. RFAB was the first such facility to earn Gold certification with the U.S. Green Building Council’s Leadership in Energy and Environmental Design (LEED) program.

Developments

Digital Realty Trust (DRT), the world’s largest wholesale data center provider has teamed up with the owners of Collins Technology Park in Richardson, to provide the finest in data center facilities and management for corporate clients. The 69-acre complex contains over 800,000 square feet of space and its own 40-megawatt electrical substation, which DRT is upgrading to 100-megawatts. The first plug-and-play “pods” being built by DRT will be available for lease in Spring, 2010.

The Parliament Group, a Dallas-based commercial real estate firm, has purchased a strategic 210-acre tract of land in Richardson for a mixed-use development involving office, retail and multi-family. The coveted site offers extensive frontage on the Bush Turnpike just east of North Central Expressway. The western edge of the property lies adjacent to the DART 190 commuter rail station. Parliament bought the land from the heirs of H.L. Hunt, who had owned the land for decades.

Other News

For calendar 2009, Richardson Economic Development Partnership (REDP) reported 27 non-retail business expansions and relocations which will result in the addition or retention of 2,694 jobs and the occupancy of 757,440 SF of commercial space. The largest single project was AT&T’s lease of 2270 Lakeside which will house 800 jobs for the company’s U-verse operation. The 203,659 SF office tower will be fully-occupied in March.

Retention projects completed late last year included Optex Systems, a 100-employee maker of optical sighting devices for the military,and IEX, an 80-employee Israeli-owned company in the call center.

Richardson has 3 projects that have been named finalists for the The Dallas Business Journal’s “Real Estate Deal of the Year” award. They are the AT&T lease at Lakeside, Digital Realty Trust at Collins Tech Park, Parliament Group for its 220-acre land acquisition on the Bush Turnpike. Also, our partner Richland College is a finalist in the environmental category for its new LEED Silver-certified science building named Sabine Hall.