09/18/19 | Press Release

MCKINNEY, Texas – (Sept. 16, 2019) – KDC, a leading developer of corporate build-to-suit campus projects for companies such as State Farm, JP Morgan Chase and Toyota, announced it will develop a 200,000-square-foot facility for Raytheon at its Space and Airborne Systems headquarters in McKinney, Texas. Construction is slated for completion in late 2020.

“It is an honor to develop another facility for Raytheon, a top-tier company that specializes in vital work in intelligence, surveillance, and reconnaissance for our county and many others,” said Toby Grove, president of KDC. “We have a deep appreciation for the important work produced by Raytheon and know that this new facility will support their important endeavors.”

In 2014, KDC developed a 489,000 square-foot office complex for Raytheon at CityLine, a 186-acre mixed use development in Richardson, Texas, which is also home to State Farm’s DFW operations.

“McKinney has always been proud to have the prominent presence of Raytheon as our largest employer, and we are excited at the opportunity for new corporate expansion in McKinney,” said McKinney Mayor George Fuller. “We have worked hard to build strong business relationships and create an environment that not only allows these businesses to grow but provides their employees with an incredible place to call home.

About KDC

KDC is a leading corporate build-to-suit development and investment firm for companies across the country. Within the last 30 years, KDC has produced approximately 33 million square feet valued at over $9 billion. KDC addresses the future of Corporate America by developing walkable, mixed-use urban environments anchored by notable clients, and specializes in data center and broadcast studio build-to-suits. KDC's portfolio includes developments for FedEx, J.P Morgan Chase, Liberty Mutual, Raytheon, State Farm (Dallas and Atlanta offices), and Toyota North America. KDC is headquartered in Dallas and is supported by a national team with offices in Atlanta and Charlotte, North Carolina. For more information, please visit kdc.com.

About Raytheon

Raytheon Company, with 2018 sales of $27 billion and 67,000 employees worldwide, is a technology and innovation leader specializing in defense, civil government and cybersecurity solutions. With a history of innovation spanning 97 years, Raytheon provides state-of-the art electronics, mission systems integration, C51 products and services, sensing, effects, and mission support for customers in more than 80 countries. Raytheon is headquartered in Waltham, Mass. Follow us on Twitter @Raytheon.

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