COMPANIES ON THE MOVE MOVE TO ALLEN, TX COMMERCIAL REAL ESTATE UPDATE Allen, Texas is ideally located for your new business or corporate expansion. Years of careful planning, investment in infrastructure and commitment to a pro-business climate has created a competitive location for companies and a great place for professionals and their families to call home. As a result of these efforts, there are now over 2 Million SF of commercial development currently planned or under construction in Allen, including a new $85 million convention center hotel, several Class A office parks and mixed-use developments. I am proud to note that we have reduced the City of Allen property tax rate by 28% since 1993. Residents and employees enjoy an exceptional quality of life in Allen. With abundant options for housing, retail, dining and entertainment, it’s easy to see why D Magazine has ranked Allen as one of the “Top 10 Best Suburbs in Dallas” for the last four years. Other accolades include “Top Place to Relocate” by Forbes and a “Best Place to Find a Job” by CNN’s Money Magazine. I am pleased to present this commercial real estate and economic development update, and show you why Allen is a great place to live and work. Warm regards, Honorable Mayor Stephen Terrell City of Allen New Class A office developments near mixed-use, amenity-rich environments SH 121 T DFW AIRPOR 35 MINUTES TO RIDGEVIEW BUSINESS CENTER 650,000 - SF CLASS A OFFICE PARK CEN TRA L EX PWY KDC ALLEN 100- ACRE, MIXED- USE MASTER- PLANNED BUSINESS PARK AEDC LAND 31 ACRES ALMA 800,000 - SF CLASS A OFFICE PARK ADJACENT TO WATTERS CREEK AllenPlace Watters Creek Office Park Watters Creek a t M o n t g o m e r y Fa r m 30 M INUT ES T O ILLE 90,000 - SF OFFICE/FLEX DEVELOPMENT GRE ENV DOW NTO WN DAL LAS 60,000 - SF CONVENTION CENTER SPACE, 290 -ROOM HOTEL The Convention Center at Watters Creek 468,000 - SF CLASS A OFFICE PARK DEVELOPMENT The Tech Center on Greenville BETHANY RELOCATIONS & EXPANSIONS 2014-2015 Tenant Square footage Description Location MonkeySports 263,000 Online sports retailer headquarters, relocation from California 105 W. Bethany Drive KONE 200,000 R&D, back office, and warehouse/ assembly for manufacturer AllenPlace CVE Technology 196,000 Mobile phone repair & refurbishment 915 Enterprise Blvd Atlas Copco 115,000 Oil & Gas equipment 901 Enterprise Blvd State Farm Insurance 62,000 Insurance office - regional claims office Allen Station Business Park IntelliEPI 50,000 Semiconductor epi-wafers for electronics Ridgemont Drive Xtera Communications 39,000 Fiber optics and telecom networks 500 W Bethany Drive HD Supply White Cap 31,152 Construction tools and specialty materials supplier 901 Enterprise Blvd Goodman Distribution 20,000 HVAC distributor Twin Creeks Business Center Carrier Enterprise 20,000 HVAC distributor Allen Station Business Park Ari-Tex 20,000 Electrical contractor Greenville Ave & Allentown Pkwy Trintas 20,000 Payment processing equipment Allen Station Business Park Academy of Dance Arts 17,600 Dance studio 7 Prestige Circle ReSource 15,000 Insurance valuation services One Allen Center Lewis & Ellis 13,000 Actuarial firm One Allen Center Happy State Bank 11,000 Bank One Allen Center America’s Infomart 10,800 Property management 200 E. Bethany Signature Sports Marketing 9,440 Autographed sports memorabilia 8 Prestige Circle Pain Care of North Texas 8,900 Medical office Twin Creek Medical Center IP Displays 7,000 LED/LCD display sign distributor 817 S. Greenville Ave. Lakeland Marketing 5,700 Food brokerage and marketing 207 E Main Street Atrium Business Center 4,684 Executive suite expansion The Atrium at 1333 McDermott Print Right 4,500 Printing 8 Prestige Circle Coldwell Banker Apex 4,133 Residential realtors Twin Creeks Garden Office Park Gorilla 3,500 Outsourced marketing services Blue Ridge Office Park Ewing Electronics 3,110 Electronic parts provider Blue Ridge Office Park Primal Health 2,695 Marketing Corporate Center at Twin Creeks Prime Lending 2,680 Mortgage lender Watters Creek McCalla Design Group 2,112 Architecture Corporate Center at Twin Creeks Allegiance Title 2,067 Title services Twin Creeks Garden Office Park Texas Health Resources 1,863 Sports medicine Twin Creeks Medical Center One Johnson Kelley Associates 1,740 Architecture Corporate Center at Twin Creeks JaRyCo Development 1,518 Real estate development Corporate Center at Twin Creeks Farmers Insurance 1,200 Insurance agent Watters Creek Green Financial 1,085 Financial Corporate Center at Twin Creeks Edward Jones 1,085 Financial Corporate Center at Twin Creeks US 75 CORRIDOR PROJECTS Watters Creek Office Park 800,000-SF Class A office park adjacent to Watters Creek 24-acre Master-planned office development of Class A office, retail and convention center/hotel 5 buildings – 800,000 SF total. > 6-story, 150,000-SF building planned for construction > 100% covered garage parking at 4:1,000 > Direct connectivity to retail, dining and entertainment at Watters Creek mixed-use center > Land owned by Allen EDC Developer: Peloton Capital Partners Delivery: Q4 2016 (Bldg. 1) Contact: Jeff Wood Peloton Commercial Real Estate 214.220.0600 [email protected] The Convention Center and Hotel at Watters Creek 60,000-SF convention center space, 290-room hotel The $85 million facility will rank among DFW’s largest convention centers. Visitors can walk to shops, dining and entertainment at Watters Creek at Montgomery Farm. > 290-room full-service, 5-story hotel (4 Star) > 60,000-SF convention center space • 40,000-SF exhibition center • 12,000-SF ballroom • 8,000-SF meeting space > Structured parking for 1,000 cars > Flexibility to book wide range of event types and sizes HOTEL & CONVENTION CENTER: Developer: TCH Altera Partners Event Booking: City of Allen CVB Delivery: Q1 2017 Contact: Karen Cromwell Contact: Mike Kennedy 214.509.4671 [email protected] 972.814.4568 [email protected] US 75 CORRIDOR PROJECTS AllenPlace Class A office park: 4 buildings - 468,000 SF total 102,000-SF, 3-story office building under construction > Retail, fitness center, and conference rooms available > 77,000 SF of spec space available in Phase 1 > KONE Elevators lead tenant > $25.50 + E > Remaining 11.5-acres AEDC owned and available for development > Phase 1 under construction Developer: Sentinel Capital Delivery: Q1 2016 Contact: Ben Appleby, Paladin Partners 972.354.8080 [email protected] The Tech Center on Greenville 3 Building, 90,000-SF office/flex development Three new high quality office/flex buildings totaling 90,000 RSF. Maximum flexibility to provide percentages of office versus warehouse space as required. Multiple grade level doors with one dock high loading dock for the complex. > 3 buildings (36,000 SF; 24,000 SF; 30,000 SF) > 3:1,000 parking > 18’ clear height > New energy efficient construction > Customized tenant interiors and finish-out packages Developer: JaRyCo Development Delivery: Jan 2016 Contact: Bruce Heller 214.495.8581 [email protected] SH 121 SAM RAYBURN PROJECTS KDC Allen 100-acre, mixed-use master-planned business park KDC is the development partner on this phenomenal site with a profile on SH 121 and ingress/egress from Alma and Ridgeview Drives. >Up to 1 Million SF of office, restaurants, retail and multifamily >Low-rise to mid-rise campus options >Retail, restaurants and multifamily >Parking as required Developer: KDC Delivery: Mid-2017 Contact: Bill Guthrey 214.696.7820 [email protected] Ridgeview Business Center 25-acre master-planned Class A office development 150,000-SF, Phase 1, 6-story building planned for construction. >3 buildings, 650,000 SF total >23,000-SF average floor plate >Outstanding signage on SH 121 >6:1,000 parking with additional parking nearby >Close proximity to restaurants, health club, childcare and retail Developer: TIG Real Estate Services Inc. Delivery: Summer 2016 Contact: Brad McJunkin 972.663.3732 [email protected] INCENTIVES Local Incentives State /Regional Incentives >Cash Grants backed by dedicated fund with healthy fund balance >Training grants (Skills Development Fund) >Texas Enterprise Fund >Enterprise Zone Project >Tax abatements on new construction and equipment >Free or subsidized land owned by the Allen EDC >Infrastructure assistance grants >Triple Freeport Inventory Tax Exemption >Sales tax rebates >AISD property value limitation (for large capital projects) >Tax Increment Financing (TIF) >Fast track permitting/zoning >Foreign Trade Zone Designation Eligible projects >Business relocations >Retention and expansion of current Allen businesses >New office and industrial construction >Significant destination retail developments Incentive proposals are available for projects based on the company providing employment and capital investment projections. Economic Incentives are offered on a case-by-case basis and subject to the approval of the AEDC Board of Directors. AEDC Land The Allen Economic Development Corporation owns a 31-acre tract of land located at the southeast corner of Chelsea Drive and the Sam Rayburn Tollway (SH 121). The AEDC and City of Allen will consider a subsidized land price, cash grants and tax abatements to support qualified office projects on the site. Thank You To Our Partners Allen Economic Development Corporation • One Allen Center 700 Central Expressway South • Suite 210 • Allen, Texas 75013 • allentx.com Contact: 972.727.0250 • [email protected] STAFF Dan Bowman, Executive Director / CEO David Ellis, Assistant Director Nichole Vance, Marketing Manager Tracey Cline, Business Retention & Expansion Coordinator Melissa Reecer, Administrative Assistant BUILT ON SUCCESS
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