KDC HOSTS KEY CEREMONY TO CELEBRATE THE END OF CONSTRUCTION ON RAYTHEON’S NEW STATE-OF-THE ART OFFICE COMPLEX AT CITYLINE

Project was completed on time and on budget despite record rainfall this spring

RICHARDSON, Texas – (Nov. 5, 2015) – KDC, a leading developer in Texas, hosted a key ceremony to symbolically mark the end of construction on Raytheon Company’s (NYSE: RTN) new 489,000-square-foot office complex at the developer’s 186-acre mixed-use CityLine project in Richardson, Texas.

Construction on the new facility, located at 1717 East CityLine Drive on the southwest corner of President George Bush Turnpike and Wyndham Lane, started in June 2014.  The lead project team, comprised of Adolfson & Peterson Construction, HKS Architects, Raytheon and KDC, managed to complete the corporate campus on time and on budget, despite record rainfall in the spring.

“We are thrilled to hand over a symbolic key and welcome Raytheon to its new office complex, a one-of-a-kind space for its global technology employees and customers,” said KDC’s CEO Steve Van Amburgh. “We want to thank Raytheon, The City of Richardson, along with the dedicated KDC development team, contractors and vendors that got us across the finish line.”

Raytheon’s new complex includes three campus-style buildings that will house 1,700 employees. Raytheon will begin moving into the new facility this month.

About CityLine
KDC’s CityLine, located in Richardson, Texas, is a 186-acre transit-oriented development featuring a dense mix of office buildings, apartments, restaurants, entertainment options and open space, with easy access to two major highways and the DART light rail system. The project is home to State Farm and Raytheon, with Whole Foods as the retail anchor.  CityLine’s current development phase includes five office buildings, an Aloft hotel, multiple restaurants and a wellness office building anchored by Texas Health Resources and Children’s Medical Center, all of which totals more than 2.3 million square feet.

At full build-out, CityLine will contain approximately six million square feet of office space, 3,925 multi-family residential units, and 400,000 square feet of retail space including more than 30 dining options, two hotels, and two parks with access to regional bike trails.  Approximately 30,000 people are expected to live and work at CityLine. For more information, visit CityLineDFW.com.

About KDC
KDC, one of America’s leading commercial real estate development and investment companies, provides a full range of commercial real estate services including corporate build-to-suit development, acquisitions, corporate facility project/construction management, project financing, asset and land management, and marketing and leasing.  KDC is headquartered in Dallas and has offices in Atlanta; Austin, Texas; Charlotte, N.C., and Houston.  For more information, please visit kdc.com.