Allen, TX Named New Site for PFSweb Corporate Headquarters
March 08 2012 - 10:08AM
Business Wire
PFSweb, Inc. (the “company”) (NASDAQ: PFSW) 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 Drive,
occupying a facility that had been vacant for more than eight
years. 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. PFSweb expects to relocate to the Allen facility during
the latter part of the first quarter of 2012.
PFSweb also recently announced 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.
“Recruiting quality businesses and jobs to Allen is what we do,
and this deal is an outstanding example of our mission,” said Dan
Bowman, interim executive director of the Allen Economic
Development Corporation (AEDC). “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.”
“The company plans to initially locate 350 jobs in Allen and
create an additional 300 jobs over the next five to 10 years,”
Bowman said.
PFSweb’s state-of-the-art 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. 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.
“We’re excited to make this investment to relocate our PFSweb
corporate headquarters to the City of Allen,” said Mark C. Layton,
CEO of PFSweb, Inc. “We believe the City of Allen is a great fit
for our company, and it’s been a pleasure to work closely with the
AEDC to meet the complex objectives of our fast-growing web
commerce technology company. Along with our design partner, Corgan
Associates, Inc., and our General Contractor, MAPP Construction,
LLC, we have developed and deployed what we believe are a number of
revolutionary concepts in office space design. These concepts
include, amongst other features, the PFSweb Think Tank which allows
for highly flexible space configuration to quickly meet various
project group needs and PFSweb Park that includes an outdoor
amphitheater, various outdoor meeting and collaboration spaces, an
outdoor walking path and the extensive use of drought resistant
native Texas plants and grasses. Collectively we believe these
concepts will thrill our PFSweb employees about their new work
environment while also providing our clients a fantastic
collaborative design environment to productively evolve and
implement their direct-to-consumer web commerce business
strategies.”
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,” said 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 market research
provided by CoStar. Grant Sumner and John Dickerson of Peloton
Commercial Real Estate represented the Millennium Business Park
landlord, Capital Commercial Investment. Rick Hughes and Dan Cook
of Cushman & Wakefield of Texas Inc. represented PFSweb,
Inc.
ABOUT PFSweb, Inc.
Iconic brands engage PFSweb to enable their eCommerce
initiatives. PFSweb’s End2End eCommerce® solution includes
interactive marketing services, robust eCommerce technology, global
fulfillment and logistics, high-touch customer care, financial
services, and order management. PFSweb’s eCommerce solutions
provide international reach and expertise in both
direct-to-consumer and business-to-business initiatives, supporting
organizations across multiple industries including Procter &
Gamble, L’Oreal, LEGO, Carter’s, Lucky Brand Jeans, kate spade new
york, Juicy Couture, AAFES, Riverbed, Ricoh, Hawker Beechcraft
Corp, Roots Canada Ltd. and Xerox. PFSweb is headquartered in
Plano, TX with additional locations in Tennessee, Mississippi,
Canada, Belgium, and the Philippines.
To find out more about PFSweb, Inc. (NASDAQ: PFSW), visit the
company’s website at http://www.PFSweb.com.
ABOUT ALLEN ECONOMIC DEVELOPMENT CORPORATION
In 1992, the citizens of Allen passed a citywide half-cent sales
tax in support of an economic development corporation. Since its
inception, the Allen Economic Development Corporation has been
charged with facilitating company relocations and assisting the
expansion of existing businesses, which creates jobs and additional
tax revenue to the community. Since 1992, the AEDC has recruited
over seventy new businesses and industries to Allen that have
contributed to increasing Allen's total ad valorem tax base from
$729 million in 1992 to over $8 billion in 2010.
The AEDC Board of Directors, appointed by the Allen City
Council, governs the corporation's operations. These individuals
represent a diverse spectrum of interests and expertise, which is
invaluable to making prudent decisions with regard to the quality
of Allen's economic development.
http://www.allentx.com/
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