Plano Economic Development 2015

Following in the footsteps of bygone years of 2013 and 2014, 2015 is shaping to be a great year as well for Plano’s economic development and future. Below is a list of companies that have announced relocations or expansions in last couple of years.


Below is a partial list of companies that have chosen Plano.

Company Space Type
MedAssets 218,500 Office
Tyler Technologies 140,000 Headquarters
Winzer 139,000 Headquarters
USAA 250,000 Office
ReachLocal 100,000 Office
Fedex Office and Print Services 255,000 Office
Toyota Motor North America 2,100,000 Headquarters
Alcatel-Lucent 250,000 Regional Headquarters
Liberty Mutual Insurance Co. 900,000 Regional Operations

So far: 

  • Capital One Plano broke ground for the company’s seventh office building at its corporate campus on Thursday, Oct. 8. The ceremony was held at the east corner of Dominion Parkway and Headquarters Drive. The company’s financial services division headquarters seems to be quite successful in Plano. With an area of 205,000 square feet, the building is expected to be able to accommodate about 1000 to 1,200 employees. Capital One’s Plano campus is currently home to about 5,900 employees.
  • Eltek, a manufacturer of power conversion electronics used in telecom and clean energy applications, is constructing a new 107,000-square-foot facility to house its North American headquarters, production and research labs. Construction has begun on the site located in the Research/Technology Crossroads at 2925 East Plano Parkway. Eltek will employ 115.  Its partner NT Manufacturing will employ an additional 45 workers in the facility. Eltek is headquartered in Norway.
  • A Minneapolis-based real estate investment firm – Founders Properties LLC – purchased a Plano office and industrial building. The firm bought the building near U.S. Highway 75 and State Highway 190 in Plano from Argent Property Co. The 124,042 square foot building was constructed last year and is fully leased to North American Headquarters of Eltek Inc, an electronics and high tech firm.
  • Dallas-based Cawley Partners, in a joint venture with Pacific Coast Capital Partners, will build Alcatel-Lucent’s new regional headquarters in Plano to establish the company’s operations in North Texas. The four-story, 250,000-square-foot headquarters will get underway on an 18-acre parcel near Independence Parkway and Lotus Drive in Plano. Bank of the Ozarks is providing construction financing for the new headquarters building which also marks Cawley Partners’ fourth development project in North Texas. Morrison Dillworth + Walls is the project architect and Hill & Wilkinson is the general contractor.  Construction is expected to complete in the third quarter of 2016. The new building will include a rooftop terrace for employees, state-of-the-art labs and creative work areas for Alcatel-Lucent’s employees.
  • Earlier this year, Statefarm announced it would start relocating the first of about 8,000 workers into its new regional office campus in the $1.5 billion CityLine complex at Bush Turnpike and Plano Road. Developer KDC is building four towers for State Farm, three of them were almost done. A fourth building on the east side of Plano Road is under works.
  • Plano-based Pizza Hut to significantly expand its North Texas headquarters by adding two buildings to its corporate home on Corporate Drive. The restaurant giant’s soon-to-be neighbors include FedEx Office, Toyota North American and Liberty Mutual Insurance. Pizza Hut of America LLC asked the city to allow easements on its 20.5-acres of land in West Plano at 7100 Corporate Drive to build two new buildings and abandon former easements it says are “no longer necessary,” according to the City of Plano’s planning and zoning commission. Pizza Hut’s corporate campus was last valued at nearly $35 million. It includes a 165,525-square-foot building and parking garage.

Some of this information can be found on Plano’s Economic Development website.

Collin Image Team
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