Kaizen Development Partners (KDP) is pleased to announce that it has completed NETSCOUT at One Bethany, a new state-of-the-art, 145,000 square-foot, Class A regional office headquarters located within One Bethany at Watters Creek in Allen, Texas.
NETSCOUT SYSTEMS, INC. (NASDAQ: NTCT), a leading provider of business service assurance, cyber-security and business intelligence solutions, has relocated its regional office from Plano to the facility in Allen, which is employee-focused and features efficient, open office spaces, outdoor courtyards with amenities, a fitness center, a cafeteria and a parking garage. NETSCOUT hosted a ribbon cutting ceremony at the facility on August 14, 2018, just one day after moving over 500 employees into the facility. NETSCOUT selected KDP as the project developer late in the Spring of 2017, in large part because of KDP’s commitment to working with the City of Allen to ensure the facility would be completed and ready for occupancy on or before July 31, 2018.
The completion milestone represents the culmination of a monumental effort on the part of KDP, NETSCOUT, the City of Allen, the Allen Economic Development Corporation (AEDC), and the entire design and construction team, each of whom worked tirelessly to shepherd the project from groundbreaking to move-in in just 371 days. Key members of the design and construction team include:
- BOKA Powell (core and shell design)
- Corgan (interior design)
- Balfour Beatty Construction (general contractor)
- JLL Project and Development Services (NETSCOUT representative)
“We are incredibly thankful that NETSCOUT entrusted us with such a big opportunity and challenge,” said Nick Summerville, Managing Partner of KDP. “This project represents the perfect blueprint for what is possible whenever you have a great team of remarkably well-aligned professionals committed towards a common goal.”
“We’re excited to welcome NETSCOUT as one of Allen’s biggest corporate relocations in many years,” said Mayor Stephen Terrell, City of Allen. “NETSCOUT and their 500 employees found the right spot with the One Bethany location right off US 75. It offers instant access to shopping, dining and urban living at Watters Creek and will neighbor the new Delta by Marriott Hotel and Watters Creek Convention Center, currently under construction.”
JLL’s Greg Biggs, Brendan Callahan and Conor McCarthy represented NETSCOUT in the transaction with KDP.
“It was a great pleasure and honor partnering with NETSCOUT to secure their new corporate research and development office,” said McCarthy. “NETSCOUT wanted to provide a first class, cutting-edge work environment to enrich their team and the amazing work they do. This new complex delivers just that. This was an outstanding collaborative effort by everyone involved.”
KDP was represented in the transaction by Daryl Mullin, Chris Doggett and Blake Shipley of JLL. Chris Doggett and Blake Shipley also lead the leasing and marketing efforts for the balance of One Bethany at Watters Creek, KDP’s 17-acre corporate office campus that is expected to contain over 1,000,000 square feet of high quality office space at full build out. KDP recently completed the first building on the campus, known as One Bethany East, which is a 125,000 square-foot, luxury Class A office building that is now nearly 90% leased. Additional office development sites are available and capable of accommodating an additional 800,000 square feet of single or multi-tenant corporate users. KDP is currently pre-leasing the third building on the campus, which is expected to contain at least 200,000 square feet of high quality office space.
NETSCOUT SYSTEMS, INC. (NASDAQ: NTCT) assures digital business services against disruptions in availability, performance, and security. Our market and technology leadership stems from combining our patented smart data technology with smart analytics. We provide real-time, pervasive visibility, and insights customers need to accelerate and secure their digital transformation. Our approach transforms the way organizations plan, deliver, integrate, test, and deploy services and applications. Our nGenius service assurance solutions provide real-time, contextual analysis of service, network, and application performance. Arbor security solutions protect against DDoS attacks that threaten availability and advanced threats that infiltrate networks to steal critical business assets. To learn more about improving service, network, and application performance in physical or virtual data centers, or in the cloud, and how NETSCOUT’s performance and security solutions, powered by service intelligence can help you move forward with confidence, visit www.netscout.com or follow @NETSCOUT and @ArborNetworks on Twitter, Facebook, or LinkedIn.
About Kaizen Development Partners
Kaizen Development Partners (KDP) is a commercial real estate developer specializing in office, mixed- use, and healthcare developments. KDP brings unencumbered creativity, marketplace knowledge and strategic vision to the built environment. Over the past ten years alone, the principals at KDP have developed approximately 2 million square feet of institutional quality projects valued at approximately $720,000,000. KDP is rooted by senior-level principals committed to delivering extraordinary value and service through innovative thought leadership, effective market positioning, conservative risk management, and hands-on project management. For further information, visit www.kaizendp.com.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with nearly 300 corporate offices, operations in over 80 countries and a global workforce of 86,000 as of June 30, 2018. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.
Contact: Lee A. White
ALLEN, Texas (June 5, 2018) – The Allen Economic Development Corporation (AEDC) has moved into 5,000 square feet of office space in One Bethany East at Watters Creek. With their move, the AEDC is capitalizing on the synergy currently taking place within the new office park being developed by Kaizen Development Partners, located at Bethany Drive, just west of U.S. Highway 75 in Allen.
“We are excited to welcome the AEDC to One Bethany East,” said Lee White, General Counsel and Managing Partner of Kaizen Development Partners. “Having the AEDC as a tenant not only exhibits our continued partnership together, but has a secondary benefit to our leasing efforts because it allows us to showcase One Bethany at Watters Creek to all corporate users considering a move to the City of Allen.”
One Bethany East is a five-story 125,000-square-foot, Class A office property that will include a conference center, training room, tenant lounge, fitness center and large, 570-space structured parking garage. It’s being built within One Bethany at Watters Creek, a 17-acre, multi-phase, corporate office campus that is expected to contain up to 1 million square feet of high quality office space at full build-out. Additional office development sites are available and capable of accommodating 660,000 square feet of single or multi-tenant corporate users.
“The AEDC has been a catalyst behind the new projects in the business park, including One Bethany East, the Convention Center and the new NETSCOUT facility,” AEDC Board president Michael Schaefer says. “We’re excited to show further commitment to the park by locating our office in the middle of these new developments.”
One Bethany East will also serve as the new headquarters for BossFight Entertainment, a renowned video game development company moving into their 13,500 square-foot space in July and Verado Energy, an oil and gas company that will locate their new base of operations within the building. Within the campus, the technology company NETSCOUT Systems Inc, will open their new 145,000 square-foot headquarters in Summer 2018. The new four-star Delta Hotels by Marriott and Watters Creek Convention Center is located across the street and will open late 2018.
“One Bethany East’s direct access to shopping, dining and urban lofts in Watters Creek makes it highly attractive to office users,” AEDC Director Dan Bowman explains. “There are very few competing Collin County sites where office employees can truly walk directly to a mixed-use center.”
About the Allen Economic Development Corporation:
The Allen Economic Development Corporation (AEDC) is funded through a citywide half-cent sales tax and charged with facilitating company relocations and assisting the expansion of existing businesses, which creates jobs and generates additional tax revenue to the community. Today, Allen’s total ad valorem tax base exceeds $8.5 billion. The AEDC was instrumental in assisting over $1.6 billion in announced projects in 2017, including the new Delta Hotels by Marriot and Watters Creek Convention Center, a $91 million, four-star hotel with 90,000 square feet of convention space and the new 340,000 square-foot data center from CyrusOne, which is the first of a three-phase data center campus totaling more than 100 megawatts of power. These projects are excepted to open in 2018.
For more information, visit www.AllenEDC.com.
About Kaizen Development Partners
Kaizen Development Partners (KDP) is a commercial real estate developer specializing in office, mixed- use, and healthcare developments. KDP brings unencumbered creativity, marketplace knowledge and strategic vision to the built environment. Over the past five years alone, the principals at KDP have developed over 2 million square feet of institutional quality projects valued at approximately $720,000,000. KDP is rooted by senior-level principals committed to delivering extraordinary value and service through innovative thought leadership, effective market positioning, conservative risk management, and hands-on project management. For further information, visit www.kaizendp.com.
Allen EDC Contact