SCOTTSDALE, Ariz., Oct. 5, 2017 /PRNewswire/ -- After a
six-month, extensive site selection process, global design,
engineering and manufacturing leader Benchmark Electronics (NYSE:
BHE) today announced its new corporate headquarters will be located
at Rio 2100, a new 52-acre, Class A office park situated in the
heart of Tempe, Arizona. The
company announced relocation plans to Arizona from Angleton, Texas in April of this year and
expects to add approximately 500 new jobs to the greater
Phoenix area over the next five
years.
Groundbreaking for the new site is expected to begin before the
end of the year with an expected completion date in early
2019. In the interim, Benchmark's headquarters is at 4141 N.
Scottsdale Rd. The current and new headquarters will house
the corporate leadership team and key corporate functions in
finance, human resources, legal, marketing, operations, and supply
chain. Benchmark's Internet of Things (IoT) and RF and
High-Speed Design Centers of Innovation will also transition to the
new location.
"This is an exciting time for our company as we look forward to
our new headquarters, which will allow us to grow in a single,
cohesive location," said Paul J.
Tufano, president and CEO of Benchmark Electronics. "Rio
2100 is an ideal location to drive organizational alignment and
attract and develop top-notch talent, as already evidenced in our
strategic partnership with Arizona State
University."
"ASU's partnership with Benchmark is an example of universities
and corporations working together to foster an innovative ecosystem
that benefits students, businesses and communities," said
Sethuraman Panchanathan, executive
vice president of Knowledge Enterprise Development and chief
research and innovation officer at ASU. "We are looking forward to
joining forces with Benchmark and offering multidisciplinary
problem-solving teams of faculty and students, developing
innovative and impactful solutions, and creating new high
technology jobs in Greater
Phoenix."
Benchmark's 23 locations span eight countries across the globe.
The new corporate headquarters near Sky Harbor International
Airport gives the company quick access to customers worldwide.
"Tempe is known as a
destination for tech companies, such as Microsoft, Amazon, GoDaddy
and now Benchmark," Tempe Mayor
Mark Mitchell said. "We appreciate
Benchmark's investment in Tempe
and the jobs they are bringing to our community."
Located at the southwest intersection of the Loop 101 and 202
freeways, Rio 2100 is a premier business park development by The
Boyer Companies and Tellurian Development Company. At build-out,
Rio 2100 will include office, retail, restaurant and multifamily
space, as well as two hotels, within Tempe's Rio
Salado corridor.
Managing Director Andrew Medley,
from the Phoenix office of JLL, represented Benchmark and assisted
with the site selection process and lease negotiations. CBRE Senior
Vice President Bryan Taute
represented Boyer. JLL's Project Development Services team will
manage all tenant improvements.
"Benchmark is a tremendously forward-thinking company," said
Medley. "They had a vision for their new corporate headquarters and
this development will more than fulfill those expectations with an
exceptionally centralized location and a collaborative work
environment designed to attract and retain the industry's top
talent."
"We could not be more excited to partner with Benchmark
Electronics on this new building," added Adrian Evarkiou from The Boyer Company.
"Benchmark is a truly elite firm, and the Tempe submarket and Rio 2100 are premier
places for them to conduct and grow their business."
About Benchmark Electronics
Benchmark provides
worldwide integrated electronics manufacturing services (EMS),
engineering and design services, and precision machining services
to original equipment manufacturers of industrial equipment
(including equipment for the aerospace and defense industries),
telecommunication equipment, computers and related products for
business enterprises, medical devices, and test and instrumentation
products. Benchmark's global operations include facilities in eight
countries, and its common shares trade on the New York Stock
Exchange under the symbol BHE.
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SOURCE Benchmark Electronics, Inc.