INNOVATIVE MED TECH COMPANY LEASES 154K SQUARE FEET OF INDUSTRIAL AND OFFICE SPACE IN PLANO
Innovative Med-Tech Company Leases 154K Square Feet of Industrial and Office Space in Plano
| October 29, 2019
DALLAS – Oct. 29, 2019–CBRE announces that Inogen, a leading manufacturer of oxygen therapy technology and solutions, has leased 154,097 square feet of industrial and office space at 600 Shiloh Road in Plano, Texas. The decision to consolidate Inogen’s existing Texas facilities under one roof was made in order to accommodate the company’s expected growth over the next 10 years.
The company currently occupies two industrial buildings and one call center in Richardson. All of their North Texas employees will move into the new building in Plano. Their manufacturing operations will occupy approximately 90,000 square feet of space and their call center will fill the remaining 60,000 square feet.
“We were excited to partner with Inogen and help them find a solution that is ideal for their long-term strategy as they continue to expand in North Texas and fulfill one of their key initiatives to enhance their workplace and culture,” saidBaron Aldrine, Executive Vice President, CBRE.
The property’s current tenant, Flextronics, will vacate the space at the end of 2019. Inogen plans to occupy the facility in early 2020.
Inogen is a medical technology company that develops, manufactures and markets innovative oxygen concentrators used to deliver supplemental long-term oxygen therapy to patients suffering from chronic respiratory conditions.
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.