The Richards Group
The Richards Group is the country’s largest independently owned advertising agency. When deciding where to relocate company headquarters, founder Stan Richards decided on Dallas’ thriving Uptown neighborhood, where they built a brand new building at 3504 N. Central Expressway. Why Uptown? “Uptown is perfect for us” Richards stated, adding “Our staff can live and work in a great neighborhood, with easy access to all that Dallas offers.” To help make the move happen, Dallas City Council approved incentives from the Office of Economic Development that included a 10 year, 50% real property tax abatement on the added value of the new construction, a 250,000-square foot build-to-suit office building. In return, The Richards Group would retain 600 employees, increasing to 650 within two years of completion. Richards is pleased to say that “The City of Dallas was pretty easy to work with. City staff was really engaged and committed to making this project work.” Construction started in the summer of 2013 and was completed at the end of 2014, when the company moved in.
ULTA Beauty, a national storefront and e-commerce retailer of cosmetic and salon products, has committed to build a 670,000 square foot regional distribution center in Mountain Creek business park located in southwest Dallas. Prologis will develop and lease the new $18M distribution facility to ULTA. The facility is projected to generate almost $14M in taxable sales from e-commerce transactions in the first year of operation and will employ 450 full-time employees by 2019. Construction of the distribution center is anticipated to be complete in late 2015. As of August 1, 2015 ULTA operates 817 retail stores across 48 states and also distributes its products through its website www.ulta.com.
The company consolidated its Irving and Dallas offices in downtown Dallas. The existing Dallas office is in Chase Tower, where the company has expanded their lease to 160,000 square feet. The project has resulted in the retention of 700 jobs and the relocation of 300 jobs from Irving to downtown Dallas. The project provides an estimated $30M of new tax base for Dallas.
Comerica Inc. relocated its headquarters to downtown Dallas (1717 Main Street) from Detroit, Michigan. Comerica is a commercial lending provider that is in the process of expanding its operations. The company considered relocating its headquarters to either Dallas or California. In the first half of 2007, Comerica chose Dallas for its new headquarters and created 180 jobs at the old Bank One Tower (renamed Comerica Tower). It invested $7,400,000 in new business personal property and leased 160,000 square feet on a 15 year lease with three 5-year renewal options.
On June 27, 2008, AT&T announced that it was relocating its global corporate headquarters to Dallas. The company relocated approximately 700 employees from its headquarters in San Antonio to its existing company office complex at 208 South Akard Street and relocated its corporate aircraft to Love Field. AT&T will maintain its corporate headquarters in the City of Dallas for a minimum of five years. Fortune Magazine ranks AT&T twelfth on its 2015 list of America’s largest corporations. AT&T’s new tax base in Dallas is estimated at $120M.
Other Corporate Locations
- TM Advertising
- Tenet Healthcare
- Dean Foods
- Ernst & Young
- Campero USA Corporation
- Autonomy etalk
- Cirrus Health
- American International Group, Inc.
- Clark Consulting