Fidelity Begins $200 Million Expansion in Texas

As part of a $200 million expansion into Texas that will eventually employ 1,535 additional employees, Fidelity Investments recently signed a 10-year lease for 160,000 square feet in Lewisville, Texas outside of Dallas to support as many as 1,000 employees, bizjournals.com reports.

Fidelity currently employs 2,900 people in Westlake, Texas. The company plans to build a 600,000-square-foot building at that location.

As to Fidelity’s decision to sign a lease in Lewisville to meet its immediate expansion needs, Johnny Johnson, a principal with the office complex’s managing agent, CapStar Commercial Real Estate Services, said: “Fidelity wanted a quality, campus environment for their people. The mature campus setting and the flexibility to grow and to meet their needs in the long term were very important to them.”