Terracon commissions new $21m HQ
Engineering consultant Terracon has announced that its new US$21m corporate headquarters will be built in Olathe, Kansas, keeping nearly 200 employees close to the company’s existing location.
Terracon is an employee-owned engineering consulting firm with more than 4,000 employees providing environmental, facilities, geotechnical, and materials services from more than 140 offices. The firm's HQ currently occupies two non-adjoining floors in a building on an office park near Kansas Highway 10 in Olathe. The new HQ will be built just to the south. Terracon will be sole occupant of the two-story, 65,000-square-foot building; the company sees the move as supporting its growth and expansion plans.
“Terracon is focused on growth as evidenced by our internal expansion and acquisition activities,” said Gayle Packer, Terracon’s chief administrative officer. “Our strategic plan guides us to continue growing at a rate of 10 to 15 percent each year, and we expect that the employment base at our corporate office will increase accordingly.”
Olathe has been home to Terracon for more than 10 years. Since 2007, the company has grown from US$335m in revenue to more than US$580m. The announcement follows Terracon’s acquisition of five smaller firms on both coasts in 2016.
Terracon credits a successful partnership with the city of Olathe and the engagement of city officials in helping make the new building possible. “We would like to thank our partners at the City of Olathe and the Kansas Department of Commerce in assisting us in our expansion,” said Don Vrana, Terracon chief financial officer.
“This investment represents the passionate commitment of our employee-owners to progress our growth,” said Swaminathan Srinivasan, who was named as Terracon’s new president earlier this year. “Inspired by new surroundings, we will focus our future on serving clients in new, innovative ways and seeking out opportunities to make positive impacts on the communities where we live and work.”
The property is owned and will be developed by a design-build team led by VanTrust Real Estate. The office will emphasize collaborative spaces including a new training conference center and expanded amenities. The new building is scheduled for completion in the first quarter of 2018.
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This article was published on 21 Apr 2017 (last updated on 21 Apr 2017).