One of Irving’s largest employers — Irving-based NEC Corp. of America, a subsidiary of Japanese technology company NEC Corp. — has signed a deal to keep its U.S. headquarters in Irving.
The Global Fortune 500 company provides Internet, broadband network and enterprise business products throughout the world. In Irving, the company employs about 600 employees within a large corporate campus at 6535 State Highway 161.
NEC Corp. has signed a 10-year lease for 119,611 square feet of office space at Royal Ridge V building at 3929 W. John Carpenter Freeway in Irving. The company plans to move into its new Irving office on Dec. 1, 2015.
Mayor Beth Van Duyne highlighted the real estate deal during Irving’s State of the City address Thursday evening, saying the company wanted to keep its headquarters in the city, in part because of Irving’s low property taxes.
Van Duyne quoted Carter Holston, the company’s director of real estate, in the speech, saying, “This afternoon, we are notifying our employees that we have executed a lease for our U.S. headquarters in Irving. We looked at a number of markets across the U.S. and all indicators have pointed to Irving.
“I know you took some heat for lowering the property taxes – but from a business perspective – it was one more reason to stay put,” she added.
Mike Wyatt and Bill McClung of Cushman & Wakefield of Texas Inc. represented NEC Corp. in the deal. Nathan Durham and Fletcher Cordell of Transwestern represented the landlord, Signature Office REIT Inc.