Plano Lease Will Consolidate Space Under One Roof
Inogen currently occupies two industrial buildings and one call center in Richardson, which will be consolidated into one space to accommodate the company’s expected growth during the next 10 years.
PLANO, TX—The third quarter marks the 36th consecutive quarter of positive absorption for the Dallas/Fort Worth industrial market, according to a report by CBRE. Industrial occupiers took down nearly 15.9 million square feet in the first three quarters of the year.
Signaling more of the same in upcoming quarters, one of those types of occupiers, Inogen, has leased 154,097 square feet of industrial and office space at 600 Shiloh Rd. The decision to consolidate Inogen’s existing Texas facilities under one roof was made in order to accommodate the company’s expected growth during the next 10 years.
The manufacturer of oxygen therapy technology currently occupies two industrial buildings and one call center in Richardson. All of its North Texas employees will move into the new building in Plano. Inogen’s manufacturing operations will occupy approximately 90,000 square feet of space and its call center will fill the remaining 60,000 square feet.
“Once we have moved all three of our facilities, we will have approximately 600 employees working in Plano,” Sara Zimmardi, office and facilities manager for Inogen, tells GlobeSt.com. “We are looking forward to being closer to the historic downtown Plano Arts District as well as the new Collin Creek mall redevelopment area.”
The property’s current tenant, Flextronics, will vacate the space at the end of 2019. Inogen plans to occupy the facility in early 2020 once upgrades are completed, says Zimmardi.
“The improvements we’re making include updating all the finishes to create a beautiful, modern industrial space,” she tells GlobeSt.com. “We are making room for our call center employees, and creating meeting spaces and a large breakroom.”
Inogen is a medical technology company that develops, manufactures and markets innovative oxygen concentrators used to deliver supplemental long-term oxygen therapy to patients suffering from chronic respiratory conditions.
Baron Aldrine and Campbell Puckett with CBRE in Dallas, and Dennis Hearst and Bryan Bazzi with CBRE in San Diego represented Inogen. John Hendricks with CBRE in Dallas represented the landlord, Trident Capital Group.
“We were excited to partner with Inogen and help them find a solution that is ideal for their long-term strategy as they continue to expand in North Texas and fulfill one of their key initiatives to enhance their workplace and culture,” said Aldrine.