USA – Leading soft drinks producer, Keurig Dr Peeper has said will move its Texas headquarters from Plano to a new, leased facility in Frisco, Texas, where it says will provide a vibrant, collaborative and connected workplace.
The new headquarters, sitting on 350,000-square-foot site will be ready in 2021, serving as the company’s second headquarters to that in Burlington, Massachusetts in the US.
Keurig occupied the Plano offices in 1998, which is a home to approximately 1,100 employees.
“We are excited to upgrade our Texas co-headquarters location to support the needs of our vibrant business, including enhanced technology capabilities and space to increase collaboration,” said Bob Gamgort, Chairman and CEO of Keurig Dr Pepper.
“The new location at The Star in Frisco will provide a state-of the-art work environment and exciting amenities that will energize our employees and enable us to attract top talent in the area.”
The planned relocation was reached after the Frisco Economic Development Corporation Board of Directors approved an incentive package tied to certain performance criteria.
Keurig partnered CBRE to secure the new location and has engaged architectural design firm Corgan for interior design on the project.
The site is located near restaurants, hotels, retail, and entertainment and Dallas Cowboys American football team practice facility.
“Keurig Dr Pepper’s decision to locate here is a huge win for the city and residents of Frisco,” said Ron Patterson, president, Frisco Economic Development Corporation.
“This move will drive job growth opportunities, as well as create interest from other corporations across the nation seeking to expand and relocate their operations.
As more companies move to Frisco, our residents and business community will continue to benefit.”
Keurig Dr Pepper (KDP) was formed last year after Keurig Green Mountain acquired Dr Pepper Snapple to form a combined entity with US$11 billion in annual revenue.