CARROLLTON, Texas— The RealPage apartment data firm has leased 400,000 square feet of office space in the Telecom Corridor, in Richardson, near Dallas for its new headquarters.
RealPage will move 1,400 employees into a building at 2201 Lakeside Blvd. near the North Central Expressway. Stream Realty represented RealPage, a provider of on-demand software and software-enabled services to the rental housing industry.
“We have a long history in the Dallas area, and this move to consolidate RealPage’s corporate headquarters in the Richardson Telecom Corridor ensures that we will continue to call Dallas and Richardson our home for many years to come,” said Steve Winn, CEO of RealPage. “We are designing our new headquarters to improve collaboration and workflow across our global workforce, and in the future, we expect to maintain fewer, larger centers of excellence around the world, enabling our team members to work seamlessly in geographically distributed locations.”
RealPage’s new headquarters will increase total worldwide office space, but is expected to reduce the company’s global facilities cost per seat by as much as 20 percent by 2017. The new lease will begin in September 2016 and expire in 2028, with two, five-year options to renew. In conjunction with the expanded headquarters location, the company is reducing its real estate footprint in certain less efficient locations accumulated over time through acquisitions.