Massachusetts-based NETSCOUT Systems Inc. will be relocating to Allen’s One Bethany at Watters Creek in summer 2018. The technology provider will move its regional research and development office from Plano, bringing more than 500 employees along with it. Michael Szabados, NETSCOUT’s COO, said that the new building will have an emphasis on employee wellness. The company will be leasing its new three-story, 145,000-square-foot facility from Kaizen Development Partners, the project’s developer.
The company’s new Dallas digs will be complete with an outdoor courtyard, fitness center, cafeteria, and parking garage. The search for a new office involved looking at more than five different communities before landing at Watters Creek. “Direct access to shopping, dining, and urban lofts makes Watters Creek highly attractive to office users,” Dan Bowman, Allen economic development executive director, said in a statement. “There are very few competing Collin County sites where office employees can truly walk directly to a mixed-use center with the caliber of Watters Creek.”
The North Texas location is one of five development centers for the company, and the only one in the U.S. The others are in China, Italy, Germany, and Ireland. The company also has 18 offices throughout the U.S., as well as locations in Canada, Mexico, and Brazil. Financially, the company showed growth in its fourth quarter of fiscal year 2017, which ended March 31. Total revenue for the quarter was $318.9 million, an increase from $285.9 million in the same quarter one year ago.
“The AEDC and City of Allen’s staunchly pro-business attitude, combined with NETSCOUT’s commitment to One Bethany at Watters Creek, further fuels our longstanding thesis about Allen being the next major corporate office submarket,” Nick Summerville, Kaizen Development Partners’ COO and co-founder, said in a statement. One Bethany at Watters Creek broke ground on its first phase, One Bethany East, on March 30.
