Tech company Celestica is expanding its footprint to approximately 1 million square feet in Richardson and creating “nearly 2,300 jobs” in the process, the city announced in a news release.
The gist
The company is renewing its lease at two existing buildings and moving into a new lease at 343,000-square-foot space at 2801 Telecom Parkway. The lease will last through 2036.
“I think this just demonstrates the success that they've had here both working with the city, finding the talent that they need, and growing their business,” City Manager Don Magner said.
Celestica will also make an estimated $300 million in capital investment over the next two years “to support tenant improvements and the addition of new equipment,” according to the release. The city will contribute a $3 million tenant improvement grant.
The company designs and manufactures hardware that supports data center infrastructure, communications technology, cloud services and more.
“This expansion is a milestone in Celestica’s growth strategy, allowing us to scale our advanced technology and manufacturing capabilities,” Celestica Chief Operations Officer Yann Etienvre said. “By building out a one-million-square-foot campus, we are leveraging Richardson’s tech-forward infrastructure and top-tier talent to fuel innovation and support our customers.”
The background
The building formerly housed Fujitsu Limited, which established a presence in Richardson in the 1990s as part of the city’s Telecom Corridor—a stretch of US 75 that was once lined with telecommunications companies.
Fujitsu, now called, 1Finity relocated to a new space in Galatyn Commons last year. Magner said that it’s a “very special thing” to see the former Fujitsu campus reinvented in “such an impactful way.”
“This is a very, very purpose-built facility, and so the types of users that could effectively and efficiently operate out of here is fairly limited,” he said. “Fujitsu and this campus was a big part of our community through the Telecom Corridor days, so having it reactivated as such an important part of our economy is an exciting thing.”
