December 12, 2022 - Allen has just landed a new corporate headquarters — the latest economic development win for the Collin County city. Plano-based Sol-Ark, which sells a line of solar-generating and energy-storage technology products for homes and businesses, is moving its head offices and production facilities to Allen.
“Allen is the perfect place for our growing business because of its central location within the Metroplex and the opportunity to create a collaborative corporate campus,” Sol-Ark chief technology officer Tom Brennan said in a statement. “Because we are expanding rapidly, being surrounded by a highly skilled workforce was also an important factor in the site selection process.”
The company has leased a 115,000-square-foot office building at 805 North Central Expressway for its headquarters. The two-story building is just east of the popular Watters Creek shopping district and previously housed operations of Frontier Communications.
And a few blocks away at 915 Enterprise Blvd., Sol-Ark has leased 180,000 square feet of industrial space for production, research and design, product support and repairs.
“They are going to take our largest manufacturing building and our largest vacant office building,” said Dan Bowman, Allen Economic Development Corp. executive director. “The two largest vacancies in Allen are being wiped out.”
Sol-Ark was founded in 2013 by local veterans and power engineers. The company says it’s in the process of preparing for an initial public stock offering next year. The company is working on new products including electric vehicle chargers, and is eyeing expansion to international markets.
Source: Dallas Morning News