Friday, January 15, 2016

Mortgage firm to expand Plano headquarters by 30% to accommodate rapid growth

Plano-based Optimal Blue, a cloud-based mortgage industry technology firm, is expanding its North Texas headquarters by roughly 30 percent to accommodatethe company's rapid growth.

Optimal Blue recently signed a lease for 43,809 square feet of office space at The Campus at Legacy at 5340-5360 Legacy Drive in Plano, which will add about 18,000 square feet onto their Plano home and extend the company's original footprint by about seven years.

"They are growing and acquiring more companies to apply their technology to other aspects of business, which is stimulating a huge amount of growth," saidChris Morrow, a partner at Dallas-based Morrow Hill.
Morrow represented Optimal Blue in its real estate expansion. Russ Johnson of Dallas-based Peloton Commercial Real Estate represented the landlord, Spear Street Capital. Spear Street purchased the Landmark Center in the historic West End earlier this month.

The company and more than 200 employees will expand into the new space in March, after construction on the interior of the office is finished.

Link to full article here

By Candace Carlisle for Dallas Business Journal