Wednesday, June 10, 2015

It's official: CoreLogic moving 500 jobs to $68M Cypress Waters campus

The deal has been in works for months, but on Thursday Irvine, California-based housing research firm CoreLogic(NYSE: CLGX) confirmed it would relocate 500 of its North Texas workers into a new $68 million campus at Cypress Waters.
The Dallas Business Journal first reported onCoreLogic honing in on Cypress Waters for a new North Texas operation in March. The details about CoreLogic asking the City of Dallas for economic incentives for the project surfaced last month
CoreLogic has confirmed it plans to have Dallas-based Billingsley Co. build a new 327,183-square-foot office building within the Offices of Cypress Waters, which will serve as the operations site in Dallas-Fort Worth.  
The new building is expandable to more than 400,000 square feet of office space to handle future growth at CoreLogic, if needed. The building will sit at the northwest corner of Hackberry Road and Ranch Trail.
CoreLogic went through a deliberate real estate search before finding the right building to help recruit, retain and recruit the right type of employees, said Jeff Ellerman, a vice chairman ofCBRE.
Ellerman, Scott Hobbs and Mike Scimo of CBRE represented CoreLogic in its real estate search. Marijke Lantz of Billingsley Co. represented the developer in the deal.
Dallas-based BOKA Powell is the project architect on CoreLogic's new building.
Along with CoreLogic's new building, Billingsley Co. plans to break ground on a new speculative four-story, 215,000-square-foot office building at Cypress Waters by the end of the month.
"We are experiencing tremendous leasing activity and will build new space to accommodate other great tenants in the market that are looking for superior office space," said Lantz, senior vice president of investments and build to suit projects.  
Candace Carlisle/Dallas Business Journal