ALLEN, TX-PFSweb Inc. will relocate its corporate headquarters to Allen, TX in a move that is expected to bring more than 650 new jobs to Allen in coming years. PFSweb, a provider of end-to-end web commerce solutions, signed a 10-year lease on 95,877 square feet at 505 Millennium Dr., occupying a facility that had been vacant for more than eight years.
PFSweb also recently revealed that it will relocate its call center operations from its current location in Plano to Renaissance Tower in downtown Dallas. PFSweb considered moving its corporate headquarters to Dallas as well, but ultimately chose to keep the operation in Collin County, according to a prepared statement.
The Allen Millennium Park facility was selected after a thorough competitive process led by advisors Cushman & Wakefield that included numerous comparable properties in the cities of Richardson, Dallas, Frisco and Plano. PFSweb selected the City of Allen and the Millennium facility due to the quality of the city’s workforce, the desirable business environment, a favorable local economy and the various attractive financial and space flexibility dynamics of the Millennium facility, among other factors, according to the statement.
PFSweb expects to relocate to the Allen facility during the latter part of the first quarter of 2012. According to Dan Bowman, interim executive director of the Allen Economic Development Corp., “Recruiting quality businesses and jobs to Allen is what we do, and this deal is an outstanding example of our mission. Not only does PFSweb plan to invest more than $4 million in its new headquarters, it will also create hundreds of high-wage jobs that bring value to Allen through future sales tax and residential property construction.”
Bowman continues that “The company plans to initially locate 350 jobs in Allen and create an additional 300 jobs over the next five to 10 years.” PFSweb’s headquarters space will include the latest concepts in tech office space design that will provide its staff a highly productive and collaborative work environment while also providing a multitude of casual comforts and amenities that are designed to reduce workplace stress and promote employee health and wellness, according to the statement. Bright open spaces promoting the flow of natural light throughout the open office environment are included throughout the facility. The design concepts throughout the complex deploy a liberal use of “green” construction techniques designed to maximize energy efficiency and minimize environmental impact.
The AEDC offered an economic incentive package based on job creation and the achievement of specific capital investment benchmarks, and the Allen City Council nominated the company for consideration of incentives from the Texas Enterprise Zone program.
“PFSweb is a growing company that intends to make a significant capital investment in our city,” says Allen Mayor Steve Terrell. “We’re proud to welcome them and look forward to being part of their continued success.”
The deal is one of the top three office leases in the Metroplex for the fourth quarter of 2011, according to the statement. Grant Sumner and John Dickerson of b represented the Millennium Business Park landlord, Capital Commercial Investment. Rick Hughes and Dan Cook of Cushman & Wakefield of Texas Inc. represented PFSweb.
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Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
