Drug firm to add more than 1,000 jobs with new $113M Carrollton campus

austin-ranch

The Offices at Austin Ranch in The Colony bring corporate build-to-suit projects to office residents. Photo: Billingsley Co.

via Candace Carlisle, Dallas Business Journal –

AmerisourceBergen Specialty Group has decided to consolidate its North Texas workforce within a new $113 million, 40-acre campus in Carrollton, which will also make room for the company to add more than 1,000 employees.

The Pennsylvania-based wholesale drug company had been looking for a new regional home for several months until it found a new home at the Offices at Austin Ranch at Parker Road and Plano Parkway in Carrollton.

In all, AmerisourceBergen plans to add 1,039 new employees in the next decade, which highlights the company’s business growth, Andrea Roy, the economic development manager, told the Dallas Business Journal.

“This will grow their workforce by a third,” Roy told me. “They will initially bring 1,184 employees to the new facility in 2019 with another 800 employees coming in a second wave in the next two to three years.

“The remainder of those employees will be additional newhires over a 10-year period,” she added.

Carrollton expects AmerisourceBergen will employ up to 3,023 workers and the city’s economic development group plans to offer the firm up to $1.9 million in grant money for the workers.

The average annual salary is $72,000. Carrollton is also offering the company a 75 percent tax abatement on business personal property (expected to be $15 million) for 13 years.

The city is also offering the developer, Billingsley Co., a 75 percent tax abatement on real property improvements (expected to be $113 million) for 13 years.

AmerisourceBergen signed a 12.5-year lease with BillingsleyCo. for the 300,000-square-foot build-to-suit development. For the duration of the deal, Carrollton expects a net return-on-investment from the economic incentive deal totaling $4.8 million.

“I think they really fell in love with the property,” Roy told me. “It’s a beautiful property with a park-like setting for a campus. They plan to enhance the lake and it has walking trails.

“It’s also still close to everything and is somewhat affordable for their employees,” she added.

AmerisourceBergen was not immediately available to comment further about the deal or the company’s growth. Gensler is the project architect.

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