Ribbon Communications Signs Long term Lease for 100K Square Foot Office Space
Ribbon Communications Signs Long-term Lease for 100K+ Square Foot Office Space at Legacy Central in Plano, Texas
| August 6, 2019
Class-A facility to include state-of-the-art R&D lab and customer support center along with other first-class amenities
Plano, Texas and Westford, Mass – Aug. 6, 2019 – Ribbon Communications Inc.(Nasdaq: RBBN), a global software leader in secure and intelligent cloud communications solutions, today announced that it has leased 107,000 square feet of office space at the Legacy Centralcampus in Plano, Texas. The move allows Ribbon to consolidate several locations throughout the Dallas region into a state-of-the-art Class-A facility. It also allows the company to achieve greater operational efficiencies.
“This new lease reinforces our long-term commitment to the Dallas region and provides us with not only a first-class facility that is perfect for retaining and attracting top tech talent, but also an ideal location to host our global customers and partners,” said Doug Carles, Vice President of Global Real Estate, Ribbon. “In addition to the modern Class-A office space, Ribbon is building out a state-of-the-art R&D lab and customer support center, through which multiple products and solutions are developed and supported. This facility will allow us to better serve and support our global customer base from one of the most centrally-located, vibrant technology hubs in the world.”
“We are thrilled that we were able to find this space for Ribbon,”saidBaron Aldrine, ExecutiveVice President, CBRE. “The exceptional amenities in their new, high tech space will provide the company with a cohesive environment for their North Texas employees as they continue to grow.”
“We are extremely excited to welcome the Ribbon team to our growing list of high-quality tenants,” said Matthew Benbassat, Chief Operating Officer at Regent Properties. “We trust that the unrivaled amenities and collaborative outdoor space will provide Ribbon an amazing workplace environment for many years to come.”
Ribbon joins several other notable tenants at Legacy Central, including Samsung, Peloton Cycles, SPACES, Roland Technology Group and Adroit Health Group. Legacy Central offers Ribbon a campus environment with abundant amenities. Ribbon expects to occupy the space in early 2020.
Ribbon Communications Inc.(Nasdaq: RBBN) delivers market-leading software solutions that secure and power many of the world’s leading service provider and enterprise communications environments. Built on world-class technology and intellectual property, the company’s cloud-native solutions deliver intelligent and secure real-time communications solutions for the cloud, network and enterprise edge. Ribbon’s Kandy Cloud real-time communications software platform delivers advanced and embedded CPaaS and UCaaS capabilities enabling service providers to rapidly create and deploy high-value communications services. To learn more, visitribboncommunications.com.
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com.