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