Dallas Morning News: Plano’s loss is Allen’s gain as tech firm NetScout plans office move
by STEVE BROWN
A high-tech firm is shifting its regional operations to Allen and will lease a new office building off North Central Expressway.
Massachusetts-based NetScout Systems Inc. will relocate its regional office and research facility from Plano to a 145,000-square-foot office building to be developed in the Watters Creek project near Bethany Drive west of North Central.
The move is the largest such recent corporate shift to Allen, which is seeing a new boom in development.
Almost 500 people will be working in the new One Bethany at Watters Creek building, to be constructed by Kaizen Development Partners. Architect BOKA Powell designed the building.
Kaizen Development is already building a 125,000-square-foot, multi-tenant office project in the same area.
“After extensive city searches, Allen, Texas offered the right location for our new facility,” NetScout chief operating officer Michael Szabados said in a statement. “The location of the new site is within walking distance of the Watters Creek restaurant, hotel and shopping area off U.S. Highway 75 at the southern border of Allen.
“The new building will be designed to take advantage of many of the latest trends in the workplace with a strong focus on overall employee wellness.”
Dan Bowman of Allen Economic Development Corp. said NetScout will be one of Allen’s top five employers when it moves into the building in 2018.
“We haven’t seen a relocation like this since the 1990s,” Bowman said. “For a new construction project, this is the largest such move.”
The deal is one of the the largest office leases signed in North Texas this year.