Craig Ranch Announces Traxxas As First Corporate Headquarters
Company to Relocate up to 150 Employees to McKinney
(McKinney, TX) Craig Ranch announced today that Traxxas (traxxas.com), the leader in hobby-class radio controlled cars, trucks and boats, will relocate its corporate headquarters, research and development functions and distribution from Plano to McKinney, Texas. The announcement marks the first headquarter company to move to Craig Ranch following the unveiling of its $575 million employment district and partnership with KDC last month.
“Traxxas was first across the finish line to see that Craig Ranch has all the components companies are looking for in a headquarters: prime location, access to DFW Airport and quality of life amenities,” said David Craig, master developer of Craig Ranch. “There were a lot of moving parts to this deal and I applaud and thank the City of McKinney and the Economic Development Corporation for their help in bringing Traxxas to Craig Ranch.”
Plans call for Traxxas to build a $12-15 million, 160,000 to 200,000 square foot campus-style office complex on 12 acres at the northwest corner of Sam Rayburn SH121 Tollway and Stacy Road. A retail component is also planned as well as test facilities and race tracks with public access.
“We have spent the past three years looking for the right place to relocate the corporate headquarters of Traxxas,” said Michael S. Jenkins, owner and president of Traxxas. “We immediately saw the value of being part of the Craig Ranch master plan and the City of McKinney provides a lot of attraction in its diverse talent pool of people. We have been welcomed warmly by the City and are proud that they are able to appreciate the value of what our business and our sport will bring to the community.”
Jenkins added that the adjacency of the Traxxas campus to the athletic fields was valuable because families visiting the ball fields will also have the opportunity to drive radio controlled cars and trucks and compete on the race tracks.
Traxxas will initially move 100 employees in 2011, whose average salary is over $60,000. Jenkins says another 50 employees will be added by 2013. Craig Ranch gave $500,000 in infrastructure and incentives to Traxxas, the McKinney EDC gave $400,000 and the City of McKinney plans to grant tax abatements of approximately $280,000 for the project pending approval at the June 15 council meeting.
"We are excited that Traxxas has chosen McKinney for the expansion of its new corporate headquarters and facilities,” said McKinney Mayor Brian Loughmiller. “Traxxas also has an exemplary history of community involvement and support, and we look forward to Traxxas becoming an involved corporate citizen in our community.” KDC is the construction manager of the project. Construction should begin later this year and will be complete by the end of 2011.
Craig Ranch is located within 30 minutes of DFW Airport and six miles from Collin County Regional Airport. It sits along a nearly two-mile stretch of the 12-lane Sam Rayburn SH121 Tollway with three full on/off interchanges that connect directly to the site. Craig Ranch has unique amenities including the TPC Craig Ranch golf course and the Cooper Fitness Center. More information on the Employment District can be found at craigranchcommercial.com.
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About Traxxas:
Traxxas has been the #1 selling brand for the last 12 years in the ready-to-race/radio-controlled hobby industry. The company designs, builds, sells and supports ready-to-race/radio-controlled cars, trucks and boats. All aspects of the business, aside from manufacturing, are completed in-house, from the original pencil-sketches, to the finished product on the shelf. The heart of Traxxas is the Research and Development department where highly trained and experienced engineers use advanced solid modeling software, rapid prototyping and computer-aided machining to turn dreams into powerful R/C machines. Traxxas is sold in nearly 3,000 hobby and auto parts stores across the US and in over 30 countries. They command a 60% market share in the radio controlled car and truck industry.
About McKinney:
McKinney, Texas, is unique by nature. As one of the fastest-growing cities in the U.S.,
McKinney has a current population of 126,500. Incorporated in 1848, the city is located
30 miles north of Dallas and is the county seat of Collin County. McKinney offers rolling
hills, lush trees, a historic downtown square and unique neighborhoods and developments, and it was recently ranked as one of the Top 10 Best Places to Move by Forbes Magazine. Visit the city’s Web site at http://www.mckinneytexas.org/.
About McKinney EDC:
McKinney Economic Development Corporation (MEDC) was established in May 1993 after voters elected to permit the Corporation to receive half-cent sales tax to fund the economic growth of McKinney. These funds can be used to assist companies with infrastructure, relocation, training, and other needs. MEDC began accumulating sales tax receipts effective July 1, 1993 and receives approximately $8 million annually. Since it was established, MEDC projects have contributed more than $1 billion to the city’s tax base.
About Craig Ranch:
Craig Ranch is a 2,200-acre master-planned business, retail, and residential community in McKinney, Texas – recently ranked by Money Magazine as one of the Top 15 Best Places to Live in America and Top 10 Best Places to Move by Forbes Magazine. Craig Ranch is a high profile, regional point of destination, with its open space and ambiance serving as a natural setting for outdoor concerts, water-inspired events, art fairs and exhibits. Soccer and baseball fields, hike and bike trails and dedicated green space give residents a sense of place they are proud to call home. Craig Ranch is an AT&T Connected Community. Its marquee venues include: the TPC at Craig Ranch, the Michael Johnson Performance Center, the Cooper Fitness Center & Spa at Craig Ranch, the Hospital at Craig Ranch, Dr Pepper StarCenter McKinney at Craig Ranch, The Ball Fields at Craig Ranch and The Premier Soccer Fields at Craig Ranch. More information on Craig Ranch can be found at: http://www.craigranchtx.com/.
Media Contacts:
Craig Ranch
Carey Marin
carey@lemastergroup.com
(214) 914-1157
City of McKinney
Anna Folmnsbee
afolmnsb@mckinneytexas.org
(972) 547-7525
Traxxas
Milo Mattorano
mmattorano@traxxas.com
(972) 265-8000
McKinney EDC
Sheri Ellington
ellington@mckinneyedc.com
(972) 562-5430
Company to Relocate up to 150 Employees to McKinney
(McKinney, TX) Craig Ranch announced today that Traxxas (traxxas.com), the leader in hobby-class radio controlled cars, trucks and boats, will relocate its corporate headquarters, research and development functions and distribution from Plano to McKinney, Texas. The announcement marks the first headquarter company to move to Craig Ranch following the unveiling of its $575 million employment district and partnership with KDC last month.
“Traxxas was first across the finish line to see that Craig Ranch has all the components companies are looking for in a headquarters: prime location, access to DFW Airport and quality of life amenities,” said David Craig, master developer of Craig Ranch. “There were a lot of moving parts to this deal and I applaud and thank the City of McKinney and the Economic Development Corporation for their help in bringing Traxxas to Craig Ranch.”
Plans call for Traxxas to build a $12-15 million, 160,000 to 200,000 square foot campus-style office complex on 12 acres at the northwest corner of Sam Rayburn SH121 Tollway and Stacy Road. A retail component is also planned as well as test facilities and race tracks with public access.
“We have spent the past three years looking for the right place to relocate the corporate headquarters of Traxxas,” said Michael S. Jenkins, owner and president of Traxxas. “We immediately saw the value of being part of the Craig Ranch master plan and the City of McKinney provides a lot of attraction in its diverse talent pool of people. We have been welcomed warmly by the City and are proud that they are able to appreciate the value of what our business and our sport will bring to the community.”
Jenkins added that the adjacency of the Traxxas campus to the athletic fields was valuable because families visiting the ball fields will also have the opportunity to drive radio controlled cars and trucks and compete on the race tracks.
Traxxas will initially move 100 employees in 2011, whose average salary is over $60,000. Jenkins says another 50 employees will be added by 2013. Craig Ranch gave $500,000 in infrastructure and incentives to Traxxas, the McKinney EDC gave $400,000 and the City of McKinney plans to grant tax abatements of approximately $280,000 for the project pending approval at the June 15 council meeting.
"We are excited that Traxxas has chosen McKinney for the expansion of its new corporate headquarters and facilities,” said McKinney Mayor Brian Loughmiller. “Traxxas also has an exemplary history of community involvement and support, and we look forward to Traxxas becoming an involved corporate citizen in our community.” KDC is the construction manager of the project. Construction should begin later this year and will be complete by the end of 2011.
Craig Ranch is located within 30 minutes of DFW Airport and six miles from Collin County Regional Airport. It sits along a nearly two-mile stretch of the 12-lane Sam Rayburn SH121 Tollway with three full on/off interchanges that connect directly to the site. Craig Ranch has unique amenities including the TPC Craig Ranch golf course and the Cooper Fitness Center. More information on the Employment District can be found at craigranchcommercial.com.
###
About Traxxas:
Traxxas has been the #1 selling brand for the last 12 years in the ready-to-race/radio-controlled hobby industry. The company designs, builds, sells and supports ready-to-race/radio-controlled cars, trucks and boats. All aspects of the business, aside from manufacturing, are completed in-house, from the original pencil-sketches, to the finished product on the shelf. The heart of Traxxas is the Research and Development department where highly trained and experienced engineers use advanced solid modeling software, rapid prototyping and computer-aided machining to turn dreams into powerful R/C machines. Traxxas is sold in nearly 3,000 hobby and auto parts stores across the US and in over 30 countries. They command a 60% market share in the radio controlled car and truck industry.
About McKinney:
McKinney, Texas, is unique by nature. As one of the fastest-growing cities in the U.S.,
McKinney has a current population of 126,500. Incorporated in 1848, the city is located
30 miles north of Dallas and is the county seat of Collin County. McKinney offers rolling
hills, lush trees, a historic downtown square and unique neighborhoods and developments, and it was recently ranked as one of the Top 10 Best Places to Move by Forbes Magazine. Visit the city’s Web site at http://www.mckinneytexas.org/.
About McKinney EDC:
McKinney Economic Development Corporation (MEDC) was established in May 1993 after voters elected to permit the Corporation to receive half-cent sales tax to fund the economic growth of McKinney. These funds can be used to assist companies with infrastructure, relocation, training, and other needs. MEDC began accumulating sales tax receipts effective July 1, 1993 and receives approximately $8 million annually. Since it was established, MEDC projects have contributed more than $1 billion to the city’s tax base.
About Craig Ranch:
Craig Ranch is a 2,200-acre master-planned business, retail, and residential community in McKinney, Texas – recently ranked by Money Magazine as one of the Top 15 Best Places to Live in America and Top 10 Best Places to Move by Forbes Magazine. Craig Ranch is a high profile, regional point of destination, with its open space and ambiance serving as a natural setting for outdoor concerts, water-inspired events, art fairs and exhibits. Soccer and baseball fields, hike and bike trails and dedicated green space give residents a sense of place they are proud to call home. Craig Ranch is an AT&T Connected Community. Its marquee venues include: the TPC at Craig Ranch, the Michael Johnson Performance Center, the Cooper Fitness Center & Spa at Craig Ranch, the Hospital at Craig Ranch, Dr Pepper StarCenter McKinney at Craig Ranch, The Ball Fields at Craig Ranch and The Premier Soccer Fields at Craig Ranch. More information on Craig Ranch can be found at: http://www.craigranchtx.com/.
Media Contacts:
Craig Ranch
Carey Marin
carey@lemastergroup.com
(214) 914-1157
City of McKinney
Anna Folmnsbee
afolmnsb@mckinneytexas.org
(972) 547-7525
Traxxas
Milo Mattorano
mmattorano@traxxas.com
(972) 265-8000
McKinney EDC
Sheri Ellington
ellington@mckinneyedc.com
(972) 562-5430
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