Monday, February 22, 2016

Behind Sunoco's headquarters relocation to Dallas' North Central Expressway corridor

When Sunoco LP (NYSE: SUN) began looking for a new operational headquarters location in Dallas following the acquisition of the company by Dallas-based Energy Transfer Partners (NYSE: ETP), the energy company wanted to be in close proximity to its new parent company and offer a good lifestyle for executives.

Those needs quickly led the energy company to a newly built office building at The Shops at Park Lane, said Jeff Shields, a communications manager for Sunoco, who still operates in Philadelphia.

Sunoco LP will set up shop in the entire office portion of the building at 8020 Park Lane, which will total 120,923 square feet of space.

"That area is really a great area because it's close to transportation and highways, great schools and is an attractive neighborhood," Shields told the Dallas Business Journal."The whole development is really a great complex and this will be attractive for our employees and prospective employees as well."

By Candace Carlisle of Dallas Business Journal