Monday, July 07, 2014

California HQ move could bring redo for Dallas tower

The relocation of a San Diego software firm to Dallas could kick off renovations of another downtown skyscraper.

Active Network LLC this week said it will move 1,000 jobs to downtown Dallas in a relocation of its corporate headquarters. The company is one of several California high tech firms owned by Vista Equity Partners of San Francisco.

Real estate brokers say that Vista Equity Partners has been working with Austin-based World Class Capital Group to house some of its California companies in the KPMG Centre tower at 717 N. Harwood.

World Class Capital bought the 34-story office highrise in March and plans to renovate the building.

Property brokers say the skyscraper owner has a relationship with Vista Equity and has been working on a deal to remodel the building for its new office operations.

World Class Capital and Vista Equity both have offices in the same Austin building.

Active Network said Thursday that it will establish a new “global headquarters” in downtown Dallas “after an extensive search evaluation.”

“We see Dallas as an opportunity to centralize our location as we expand globally, recruit great talent, and increase our operational excellence,” CEO Darko Dejanovic said in a statement.

The software firm said it will be making the shift to Dallas through next year. An office it has in Irving will also be move.

Vista Equity Partners bought Active Network last fall.

It also has another California-based technology firm, Omnitracs Inc., which property brokers say could be making a move to the KPMG Centre.

Vista Equity moved another of its San Diego companies, Websense, to Austin earlier this year.

The Active Network relocation is one of two huge employee moves to downtown Dallas.

Santander Consumer USA is now consolidating 1,400 jobs in the central business district. The global finance company has rented 14 floors in the Thanksgiving Tower on Elm Street, which is being remodeled.

Steve Brown- Dallas News