Advanced Optical Components, a division of Finisar (NASDAQ: FNSR) has leased 162,200 square feet of space at 600 Millennium Drive in Allen’s Millennium Technology Park. The fiber optics component company has experienced robust growth and will have at least 150 employees at the Allen location. Advanced Optical Components is a world-leading supplier of key optical components known as Vertical Cavity Surface Emitting Lasers (VCSELs) and Detectors. These are used in high-speed communication and data storage/retrieval equipment for banks, universities, industrial campuses and hospitals.
“This facility is ideally suited for our operation,” said Danny Schoening, Vice President of Operations for Advanced Optical. “Allen provides excellent access to the skilled talent we need to continue to grow and maintain our competitive edge.”
Advanced Optical was founded in Richardson as Spectronics in 1971. It was purchased by Honeywell in 1978 and was acquired by Finisar, headquartered in Sunnyvale, CA, in March 2004.
FSI International, which located to Allen in 1997, will continue to occupy 45,000 square feet of space in the building. The Allen Economic Development Corporation (AEDC) was instrumental in recruiting Advanced Optical Components to Allen. “This is a double-win for Allen,” stated Charisse Canfield, AEDC Executive Director. “With Advanced Optical, we add another quality company to our community and retain FSI, one of the very first companies to locate here.”
Brant Landry, Jeff Ellerman and John Gates from the Staubach Company handled lease negotiations for Advanced Optical Components. Tom McCarthy from Staubach represented FSI International.