SourceHOV, a worldwide provider of transaction processing solutions, consulting and data analytics services, has leased a new 70,000-square-foot global headquarters space in Coppell. The move comes as the company consolidates its North Texas business units and relocates its headquarters from Dallas to Coppell’s Business Park at 615 Freeport Parkway. Also operating sizable facilities in the area are Amazon.com and The Container Store.
SourceHOV plans to keep its offices in Fort Worth. It has more than 80 locations throughout the United States, as well as a presence in Canada, China, India, Mexico and the Philippines. SourceHOV began seeking new space almost two years ago when the Texas Department of Transportation announced an expansion of State Highway 183, which would take away the firm’s Irving production facility by eminent domain, said Dolores Wood-Euart, CBRE Group Inc. vice president, commenting in a news release.
Wood-Euart represented the firm in lease negotiations. SourceHOV plans to vacate 8,700 square feet in Southlake and 70,000 square feet in Irving this month. The 34,105-square-foot global headquarters in Dallas will follow in early 2014. “The relocation allows SourceHOV to right-size its operations based on functional requirements and current needs for office, production and warehouse space,” said Wood-Euart in a news release. CBRE is helping the firm find an additional 200,000-square-foot warehouse facility to further support client requirements. Offices being vacated for the consolidation are currently available for sublease, with CBRE hired to market the properties. Randy Wood, with Duke Realty, represented the landlord, Texas Dugan Limited Partnership. – A.Lee Graham