2014 was another banner year
for Richardson with 33 relocation or expansion projects, over 5,000 new
or retained jobs, and office leasing that topped 1.4 million SF.

Left to right: Raytheon construction, State Farm fourth building construction at CityLine

Major development projects for
the year included State Farm’s fourth new building with 500,000 SF and adding
another 2,300 jobs, bringing the total State
Farm campus to 2 million SF with over 9,000
jobs, and Raytheon’s Information and
Intelligence Service campus adding 489,000
SF and 1,700 relocating jobs. 

Other lease additions of
20,000+ SF include:

• Polytronix, an innovator in the design, manufacturing and
  marketing of liquid crystal displays added 40,000 SF and now occupies 3
  buildings
• Inogen, a California-based company that manufactures and
  markets portable oxygen equipment, added 25,000 SF to their Richardson offices
• HBS Systems, a 30-year old company that is a leader in the
  design and development of business and electronic information systems for
  agricultural and industrial equipment dealerships, has grown to 24,000 SF at their Waterview
  facility
• Hyundai
  Digitech, which provides complex
  repair and refurbishment of wireless handsets added another 20,000 SF
• RT
  Creative Group, a video
  production company relocated to Richardson, leasing 20,000 SF. 

With the upbeat projections
for the Dallas area commercial real estate in 2015, we believe that Richardson will continue to be a strong player in the region,
especially with the freeing up of over 1.5 million SF of office space as State
Farm moves from its temporary to permanent location.

2014 Richardson Expansions, Relocations and Start-Ups