A California-based mobile network company that recently announced plans to move to North Texas has leased space for its headquarters in an Allen office project.
MD7 LLC is taking 25,000 square feet of offices in the One Bethany West building, which is west of U.S. Highway 75.
The company plans to create more than 200 jobs with its relocation from San Diego to Allen.
“We are excited to join the community of future-focused technology services companies in Texas as we open this important new location and continue to expand globally,” Michael Gianni, CEO of MD7, said in a statement. “We believe the friendly business climate and exceptional work environment for our team members will be a competitive advantage as we continue to grow to serve our customers.
“We are grateful for the tremendous support and incredibly welcoming approach we have received from the state and the Allen community.”
MD7 plans to invest $6.8 million in the new headquarters in the building, which is part of the Watters Creek mixed-use development.
Founded in 2003, MD7 provides mobile network services in more than 20 countries.
“MD7 evaluated numerous cities around the country for its corporate headquarters, and we couldn’t be happier they chose Allen,” Allen Economic Development’s David Ellis said. “Workforce, top-tier schools and the amenity-rich One Bethany at Watters Creek — plus our prime location in the heart of the Dallas-Fort Worth metro — made Allen a natural fit for this innovative company.”
Allen has seen a spurt of development with more than $475 million in new commercial projects in the last three years.
“This remarkable growth is a testament to the attractiveness of the Allen community and validates Allen as one of the most pro-business communities in North Texas,” said Nick Summerville, managing partner and chief operating officer of Kaizen Development Partners, which owns the One Bethany West building. “MD7′s commitment to move to One Bethany West further reinforces our belief that Allen is one of the nation’s top suburban Class A office markets.”