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Nokia Announces Further Expansion Plans in Texas
July 30, 1998
Nokia, a leading manufacturer of wireless phones and communications infrastructure equipment, has broken ground for a new 155,000 square foot office building here to accommodate continued rapid growth.
Nokia recently completed its 293,000 square foot "Nokia House" headquarters at 6000 Connection Drive on an 11-acre site at the northeast intersection of State Highways 114 and 161. The new building, scheduled for completion in the summer of 1999, will be located at 6001 Connection Drive, facing Highway 114, in The Commons at Las Colinas development.
Olli Kallasvuo, president - Nokia Inc., and corporate executive vice president - Nokia Americas, said Nokia's growth here has exceeded even the company's most optimistic projections. The company has grown from a handful of employees in the Dallas-Fort Worth Metroplex in 1992 to more than 3,500 today, and Kallasvuo says Nokia is adding several hundred new employees here throughout 1998.
"The site for our newest building provides close proximity to our current headquarters location, which will facilitate close communication as our Americas operations continue to grow," Kallasvuo said.
The new six-story building will house approximately 500 administrative, sales and marketing employees. The 6000 Connection Drive building will house Nokia's growing research and development activities and other corporate services. The architectural firm of Good Fulton & Farrell, Inc., which designed Nokia House, also designed the new building.
The team of Jack Fraker, Susan Pausky and Calvin Hull of Cushman & Wakefield of Texas, Inc. provides real estate services to Nokia, including all related development negotiations for this project. Bill Vanderstraaten and Hunter Barrier represented CARRAmerica, the developer of The Commons at Las Colinas.
Good Fulton & Farrell is a 60-person architectural firm specializing in architectural, planning and interior design services. Originally founded in Dallas in 1982, the firm is currently working on projects throughout the United States and in Mexico and South America. Good Fulton & Farrell has received over 30 design awards from a variety of organizations. In addition to the Nokia work, other projects include Southern Methodist University's Centennial Master Plan, the Dallas Public Library Oaklawn branch and the Dallas Sports Arena District Master Plan.
CARRAmerica owns, develops and operates office properties in 15 markets throughout the United States. The Company is committed to becoming America's leading office workplace company by meeting the rapidly changing needs of its customers with superior service, a large portfolio of quality office properties, extraordinary development capabilities and land positions and, through OmniOffices and certain other affiliates, the availability of executive suites. Currently, CARRAmerica and its subsidiaries own a controlling interest in a portfolio of approximately 275 operating office properties and have more than 55 office buildings under construction in key growth markets. These markets include Atlanta, Austin, Boca Raton, Chicago, Dallas, Denver, Los Angeles/Orange County, Phoenix, Portland, Salt Lake City, Sacramento, San Diego, San Francisco Bay Area, Seattle and metropolitan Washington, D.C.
Cushman & Wakefield is the preeminent international real estate services firm. In 1997, the company was responsible for assignments representing an aggregate value of $16 billion. Cushman & Wakefield manages over 200 million square feet throughout the world. Cushman & Wakefield either dominates or is a market leader in all its businesses, including office and industrial brokerage, financial services, advisory services, asset services, corporate services, valuation advisory services and research services. Founded in 1917, Cushman & Wakefield has 5,500 employees in 45 U.S. offices and operates through Cushman & Wakefield Worldwide in Asia, Canada, Europe, Mexico, the Middle East, South Africa and South America.
Nokia is a broad-scope communications company supplying mobile phones, mobile and fixed telecommunications networks, wireless data communications solutions, multimedia terminals and computer monitors. In 1997, net sales totalled FIM 52.6 billion ($9.8 billion). Headquartered in Finland, Nokia is listed on the NYSE (NOK.A), has sales in 130 countries and employs more than 41,000 people worldwide.
Contact:
Bill Maguire
Crescent Communications
404-287-2000, x119
Jim Bowman
Nokia Corporate Communications
972-894-4573
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