IRVING, TX—Jackson-Shaw, a national, diversified commercial real estate development and investment company, announced today that Nautilus Hyosung America, an international manufacturer of ATMs and self-service equipment for the financial services industry, is adding 75,154 square feet to U.S. headquarters at Parc 114. The expansion more than doubles the company's size at this location, making Nautilus Hyosung the largest tenant in the development. Parc 114 is a joint partnership development of Jackson-Shaw and ORIX Capital Markets.

“Nautilus Hyosung was one of the first tenants at Parc 114, and it's gratifying to see it thrive in this space,” said Jason Nunley, vice president of development for Jackson-Shaw. “Our proximity to D/FW International Airport, access to major national interstates and central location within the Metroplex all played a favorable role in the company's decision to expand at Parc 114. Nautilus' growth clearly demonstrates that Parc 114 offers all the amenities necessary for a company to be successful.”

In October 2010, Nautilus leased 61,890 square feet of office and warehouse space at Parc 114 in Irving, Texas to relocate and expand its U.S. headquarters. The site has also been used as a primary distribution point for Nautilus' ATMs and for light assembly. The addition of space brings the company's total occupancy at Parc 114 to 137,044 square feet, and brings the development's total occupancy to 88 percent.

Continue Reading for Free

Register and gain access to:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

David Phillips

David Phillips is a Chicago-based freelance writer and consultant with more than 20 years experience in business and community news. He also has extensive reporting experience in the food manufacturing industry for national trade publications.