OLATHE, Kan., April 20, 2017 /PRNewswire/ -- Terracon is pleased to announce the next phase of its growth will occur close to home. The company will build its new $21 million corporate headquarters in Olathe, keeping nearly 200 employees close to the company's existing location.
Currently located on two non-adjoining floors in the Corporate Ridge Office Park near Kansas Highway 10 and Ridgeview Road, Terracon's new facility will be just south, neighboring the John Deere sales and marketing center. As sole occupant of the two-story, 65,000-square-foot office building, the company sees the move as an opportunity to support its growth and expansion plans.
"Terracon is focused on growth as evidenced by our internal expansion and acquisition activities," said Gayle Packer, Terracon's chief administrative officer. "Our strategic plan guides us to continue growing at a rate of 10-15 percent each year, and we expect that the employment base at our corporate office will increase accordingly."
Olathe has been home to Terracon for more than 10 years. Since 2007, the company has grown from $335 million in revenue to more than $580 million. The announcement follows Terracon's acquisition of five smaller firms on both coasts in2016. Terracon credits a successful partnership with the City of Olathe and the engagement of city officials in helping make the new building possible.
"This investment represents the passionate commitment of our employee-owners to progress our growth," said Swaminathan Srinivasan, who was named as Terracon's new president earlier this year. "Inspired by new surroundings, we will focus our future on serving clients in new, innovative ways and seeking out opportunities to make positive impacts on the communities where we live and work."
The property is owned and will be developed by a design-build team led by VanTrust Real Estate. The office will emphasize collaborative spaces including a new training conference center and expanded amenities. The new building is scheduled for completion in the first quarter of 2018.
Terracon is an employee-owned engineering consulting firm with more than 4,000 employees providing environmental, facilities, geotechnical, and materials services from more than 140 offices serving all 50 states. Terracon currently ranks 32nd on Engineering News-Record's list of Top 500 Design Firms. For more information, visit terracon.com.