A proposed development deal could bring hundreds of new jobs to North Texas and create the largest employment center yet in a new business park.
CoreLogic Inc. — an international property information firm that is based in Southern California — is considering an office consolidation at the Cypress Waters development on LBJ Freeway in Dallas.
The company would consolidate its Richardson and Westlake offices into a new 325,600-square-foot building to be constructed by developer Billingsley Co., according to information released by the Dallas City Council’s Economic Development Committee. The building would be ready in mid-2017.
The city of Dallas would provide a $600,000 economic grant to help CoreLogic move 1,300 local workers to the new building on Hackberry Road.
CoreLogic said it plans to also relocate 300 workers from Tennessee, North Carolina, Georgia, Oregon, Colorado and Maryland.
The company said it intends to create an additional 200 jobs that would work out of the $68 million office project.
That would make CoreLogic the largest corporate employer in the 1,000-acre Cypress Waters community, which is being built at LBJ Freeway and Belt Line Road.
Parts of the big mixed-use project are in both Dallas and Irving.
Cypress Waters will be the home for a 325,000-square-foot corporate headquarters for convenience store chain 7-Eleven Inc. The new facility being built by Billingsley is expected to house about 1,250 workers.
And Nationstar Mortgage has a new 175,585-square-foot office building in Cypress Waters that will house 1,300 employees.
Cypress Waters’ master plan includes 4 million square feet of office space, shopping and more than 10,000 apartments and houses.
CoreLogic has been looking for a new office location in North Texas for several months. The company considered existing and new construction offices, brokers said.
Billingsley is proposing to lease the new building to CoreLogic for 15 years.
Officials with Billingsley declined to comment on the CoreLogic deal.
In March, the information firm confirmed that it was evaluating its options in North Texas.
“CoreLogic has been and continues to be a longstanding and active member of the Dallas-Fort Worth business community,” a CoreLogic spokeswoman said. “As is true with many companies, it is our ordinary business practice to regularly assess all of our office locations to ensure each one is best-suited for the needs of our employees, clients and investors.”
Most of CoreLogic’s North Texas employees now work in the Solana business park on State Highway 114 in Westlake.
