Richardson is hanging onto one of its biggest corporate anchors with a little help from City Hall.
1Finity, a subsidiary of Japanese IT giant Fujitsu, will relocate its North American headquarters to 65,000 square feet in Galatyn Commons Office Park. The move keeps the firm in Richardson, where it’s been based since 2008, and consolidates its Richardson and Dallas offices, the Dallas Business Journal reported. The company signed a 12-year lease at 2380 Performance Drive and plans to invest at least $13 million in tenant improvements for about 500 employees.
City officials made sure the deal stayed local. Richardson’s City Council approved a $2.3 million retention and expansion grant last year, along with $130,000 in waived permit fees, to beat out at least two other cities that tried to lure the headquarters away.
“Fujitsu has been in our community for nearly four decades now, so it was really meaningful as they evolved into 1Finity for us to keep them,” City Manager Don Magner said.
The lease lands 1Finity in one of the city’s premier office hubs. Galatyn Commons spans 800,000 square feet across four buildings, with amenities including a food hall, amphitheater and conference center.
The park has been steadily filling with high-profile tenants: Halff moved its headquarters there last year with an 80,000-square-foot lease backed by its own incentives deal, while CBRE planted a 131,000-square-foot office in 2022. Insurance giant Geico signed a 165,000-square-foot lease in Galatyn Commons at 2375 North Glenville Drive earlier this year.
1Finity, formerly Fujitsu Network Communications, specializes in information and communication technology. Chief Revenue Officer Rod Naphan said the city’s tech pedigree made Richardson “the ideal setting” for its HQ. The firm’s former home at 2801 Telecom Parkway won’t sit idle for long — Chicago’s Dayton Street Partners has approvals to redevelop the property into a 343,000-square-foot industrial facility, part of a 1.1 million-square-foot expansion of the complex.
Elsewhere in Richardson, AT&T recently signed a 186,000-square-foot lease at Lakeside Boulevard Tower for a call center expansion, and HOA management giant Associa moved into a new headquarters complex in July with space for up to 1,000 employees.
— Eric Weilbacher
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