Olathe, Kan. — Terracon announced that 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 in 2016. Terracon credits a successful partnership with the City of Olathe and the engagement of city officials in helping make the new building possible.
“We would like to thank our partners at the City of Olathe and the Kansas Department of Commerce in assisting us in our expansion,” said Don Vrana, Terracon chief financial officer.
“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. Though Terracon is working through the design details, 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.