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Tech firm growing with Allen office move


A tech company is boosting its North Texas footprint with a move to a new Allen building.

Micron Technology Inc. is taking two floors in the just-completed One Bethany West office near U.S. Highway 75 in Allen.

The company, which provides memory and storage components is growing its design engineering operations with the move.

“They do a lot of research and development and they have a facility in Allen they are expanding from,” said Dan Bowman, who heads the Allen Economic Development Corp. “They relocated out of an older building.”

The new 36,500-square-foot office is being planned to eventually house 200 workers.

“As a burgeoning tech hub, the city of Allen is a prime location for our design engineering teams working on advanced computing architectures,” Jeff Koelling, senior director of design engineering at Micron, said in a statement. “Our new location accommodates our growing team focused on driving the world’s most advanced DRAM designs and 3D Xpoint memory devices for disruptive industry breakthroughs, including advanced applications in artificial intelligence and autonomous vehicles.”

Based in Idaho, Micron Technologies has more than 40,000 employees in 17 countries. The company has 13 manufacturing sites worldwide.

It’s one of the largest semiconductor manufacturers with the world with more than $21 billion in annual revenues.

The lease in One Bethany West brings the new building to about 50% occupancy.

The project is owned by Kaizen Development Partners.

“The site features direct connectivity to over 50 restaurants and shops at the popular Watters Creek mixed-use center,” Derrick Evers, CEO and managing partner at Kaizen, said in a statement. “We recognize the immense potential of this site and have space to build more buildings to support future office projects.”

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The Micron Technology move is one of the biggest such office transactions in Allen this year.

“This is a deal that was in the pipeline pre-COVID and we were able to get it done,” Bowman said. “It’s a sign that activity is increasing.

“We saw a dip in activity in the summer and we are seeing cautiously these tenants coming back,” he said. “Going into 2021 I think there is a flood of leases and office activity that has been held back.”



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