RadioShack, that reportedly looked at the Triangle as a probable place to move the corporate headquarters, right away appears expected to sojourn in Texas.
The association pronounced Thursday that it had reached an agreement to magnify the Fort Worth franchise for an additional five years by 2016. The bargain is fortuitous on RadioShack removing taxation incentives from Fort Worth and Tarrant County.
RadioShack leases about 250,000 block feet on the Tarrant County College campus. It could have left as early as Jun thirty but a franchise extension.
The tradesman was at large thought to be one of dual large companies deliberation relocating to the Raleigh area. Such searches are conducted in secrecy, with impending landlords asked to pointer confidentiality agreements. Economic developers typically give such projects formula names.
RadioShack was thought to be the awaiting at the back of "Project Prince."
The Project Prince poke group met with Highwoods Properties, Duke Realty and the developers at the back of Charter Square and Edison, dual due projects in downtown Raleigh that have been behind indefinitely by the credit crunch.
On a discussion call with analysts last month, Highwoods CEO Ed Fritsch was asked about the dual large reside prospects that had been deliberation the area. After observant that Highwoods did not know who the poser companies were, Fritsch pronounced the route appeared to have left cold.
"We havent listened most on them lately," Fritsch said.
RadioShack member never reliable the companys seductiveness in the Triangle, observant that the association does not routinely plead rumors or speculation.
Fort Worth offering RadioShack up to $66.8 million in incentives in 2001 to get the association to set up a 900,000-square-foot campus. The association sole the campus in Dec 2005, and as of last year had satisfied a small some-more than $4 million it was authorised for.
Tarrant County College paid for the campus in 2008 with the bargain that RadioShack could sojourn in dual buildings until 2011, rent-free.
The Fort Worth Star-Telegram contributed to this report.
david.bracken or 919-829-4548
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