Automotive finance firm Hyundai Capital has signed a large office lease in Plano for a new regional office. Hyundai Capital leased 45,000 square feet in International Business Park at 6100 W. Plano Parkway. The building is just west of the Dallas North Tollway. Hyundai Capital America is based in California and expanding its U.S. operations with the new Plano office.
The office will start with 230 workers and expand to almost 400 by 2013, Sally Bane, executive director of the Plano Economic Development Inc., said Thursday. The city of Plano provided financial incentives to lure Hyundai Capital to the office.
After looking at potential locations, Hyundai Capital said the Billingsley Co. building best met its “business needs, including an above market parking ratio, which is important for our employees.” Hyundai Capital has offices in Irvine and Fountain Valley, Calif., and Austell, Ga. It serves more than 1,500 Hyundai and Kia dealerships across the country and had about 500 employees before the Plano expansion. (1/27/11)