West Plano’s $3 billion Legacy West development has landed another big name business.
Aerospace giant Boeing will locate the headquarters for its newly formed global services division in the 250-acre mixed-use project at the Dallas North Tollway and State Highway 121.
The aerospace giant will join Toyota, JPMorgan Chase, Liberty Mutual Insurance and FedEx with offices in the new development.
Boeing will occupy office space in the Legacy Urban Village – a development of shops, apartments, restaurants and office space at the northwest corner of the tollway and Legacy Drive.
Boeing currently has only about a 7 percent share of the global commercial and defense services market, which is expected to be valued at close to $2.5 trillion over the next decade, according to industry estimates.
The company has said it hopes to triple the revenue from its global services unit – which has 20,000 employees around the world – to nearly $50 billion over the next five years.
The new Plano office will be the headquarters for that division. The Chicago-based aircraft maker plans to have the new division up and running with a few dozen professionals by later this year.
Boeing said it picked the Plano location because of its central, strategic location.
The company said the Plano office will be well suited to serve Boeing’s major “commercial customers and defense partners, and serves as a transportation hub that will allow the company to reach customers quickly and efficiently.”
Landing the new Boeing headquarters is even more poignant for North Texas.
In 2001 the Dallas area was one of the finalists for Boeing’s headquarters move from Seattle.
After looking at potential locations in downtown Dallas and in Las Colinas, Boeing offices decided to move to Chicago was more to their liking.
The loss of the high-profile corporation hit hard in Dallas’ boardrooms and political arena and spurred the revitalization of downtown.
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Published on 2017-04-10 12:51:45
