Another company is leaving the Chicago area. Suburban telecommunications company ExteNet is headed for the Lone Star state.
The company said it’s leaving its space in the Lisle Executive Center at 3030 Warrenville Road in the village of Lisle, which is part of the Chicago area and the Illinois Technology and Research Corridor, the Dallas Morning News reported. The company is moving to a 37,000-square-foot facility in Frisco Station.
Terms of the new lease were not disclosed.
ExteNet will move 150 jobs to its new Texas digs and said the relocation brings it closer to its customers.
The company will maintain a satellite office in Lisle in addition to four others in Burbank and San Ramon, California; Las Vegas; and Paramus, New Jersey.
This news comes months after a few significant companies announced their intentions to leave the Chicago area.
Construction company Caterpillar said it’s moving its headquarters from Deerfield to Irving, Texas. The company hired Cushman & Wakefield to sublease the 116,000 square feet of offices across three floors it leased at 510 Lake Cook Road.
In May, Boeing also said it would be leaving its West Loop headquarters after 21 years of anchoring the building. The aerospace company is moving to Arlington, Virginia after certain tax breaks and incentives in Chicago expired last year.
And hedge fund company Citadel announced it’s taking its talents to South Beach. The company’s founder and wealthiest resident of Illinois, Ken Griffin, said in June that he was moving his family and corporate headquarters to Miami.
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