The lease for CBRE’s Richardson facility was announced last year, according to a spokesperson with the real estate and investment firm. The company took over an existing building at 2375 N. Glenville Drive.
So far, there are 700 CBRE employees based in Richardson with about 300 more to be added by early next year, the spokesperson said. The company’s Dallas headquarters will also add another 460 new jobs and more than $29 million in capital investment, according to Abbott’s release.
"CBRE's expansion in the Dallas-Fort Worth metroplex will bring over one thousand high-paying jobs and greater opportunities for the hardworking people of North Texas,” Abbott said in the release. “I look forward to a strong relationship with the company as we work together to keep Texas the national model for economic prosperity."
CBRE will receive grants of $3.3 million and $3.5 million from the Texas Enterprise Fund, Abbott said in the release. The fund awards “deal-closing” grants to companies considering a new project for which one Texas site is competing with other out-of-state sites, according to the state’s economic development office.
Mayor Paul Voelker said the company made a “strategic choice” in choosing Richardson, which is regarded as a center for innovation.
"As the heart of the Telecom Corridor area and home to the Richardson IQ, we are proud CBRE has made the strategic choice to locate its operations center in this innovative ecosystem," Voelker said in the release. "The 550 new jobs that come with this project have good neighbors in an area especially designed for collaboration, and we are excited about the possibilities CBRE has here in Richardson."
The addition of CBRE to the city’s corporate landscape comes with many benefits for residents, said Bill Sproull, president and CEO of the Richardson Chamber of Commerce.
“CBRE’s expansion into Richardson provides high-paying job opportunities for our citizens, an enhanced tax base and further involvement of a Fortune 50 company in our community,” he said.
For more information on CBRE’s presence in Dallas-Fort Worth, visit this link.