A strong year of growth announcements in University City ended with fireworks, as Electrolux announced that it would bring 810 more employees to its Major Appliances North America headquarters in University Research Park and add a six-story office building. Other major announcements involved Areva, Rack Room Shoes, Yodle, Convergys, AXA Equitable and Red Ventures.
Here are the details:
Electrolux announces plans to double staff at URP headquarters
Gov. Pat McCrory was on hand on Dec. 12 when Electrolux Major Appliances North America broke its big news. The Swedish home appliances company will double its workforce at the University Research Park headquarters for North American operations. To house the 800-plus extra people, the company will spend $85 million on a 375,000-square-foot office building in the 90-acre URP campus. The Charlotte Observer reported that jobs will include research and development, design, engineering, sales and marketing and executive management.
Cardinal Innovations opens office, plans 80 new jobs
Cardinal Innovations Healthcare Solutions announced in early January that it is opening an office at Prosperity Place III and plans to add about 80 new jobs over the next three-five years. The managed-care organization has a network of over 900 providers for 1.4 million North Carolinians. Prosperity Place III, a Class A office building with 122,000 square feet of space, is at 10150 Mallard Creek Road.
Classic Graphics adds 30 jobs during mergers
Two mergers in one month will bring more than 30 new employees to the Classic Graphics facility at Innovation Park. Classic Graphics, one of the region’s largest private printing companies, announced in December that it is joining forces with another local firm, Creative Marketing Solutions, and moving its 30-plus employees immediately to Classic Graphics’ 240,000-square-foot facility in University Research Park. Two weeks earlier, Classic Graphics and Minneapolis-based Imagine! Print Solutions announced that they are merging to form one of America’s largest privately held printing companies.
Yodle brings 130 jobs to URP and promise of 130 more
The online marketing company Yodle held a ribbon-cutting in October for its new 35,000-square-foot office in URP’s Cambridge Corporate Center. Yodle, based in New York, has about 130 employees in Charlotte and said it plans to double that number rapidly.
Rack Room Shoes doubling campus, adding 87 jobs
Rack Room Shoes announced in March that it would move a subsidiary to the company headquarters in URP and add about 87 jobs by 2017. Off Broadway Shoes Warehouse, now based in Atlanta, has more than 450 stores in 34 states. Rack Room Shoes said it will add a second building about the same size as its 87,000-square-foot facility, and link the two with a 10,000-square-foot atrium. The expansion will cost about $16 million.
Fast growing Red Ventures opens URP offices
Red Ventures, the rapidly growing online marketing company based in Fort Mill, announced in July that it would open a new office in the Environmental Way office building in URP. The company signed a six-year lease for half of the 71,000-square-foot building at 1000 Louis Rose Place with the option to lease more space as well the right to buy the building, its 9.5-acre campus and two adjoining undeveloped parcels totaling $14 million. Red Ventures began in 2000 and today has more than 1,900 employees in five offices across the U.S., including the 150,000-square foot campus in Fort Mill. In December, Red Ventures announced that it is hiring 200 more employees in the Charlotte area, with 20 of those positions at the URP office.
AXA Equitable moves Life Operations HQ to Innovation Park
On May 1, AXA Equitable Life Insurance Company held a ribbon cutting ceremony to mark the opening of the company’s new Life Operations headquarters, located at 8501 IBM Drive in Innovation Park. AXA Financial Inc. leased 140,000 square feet and relocated from Ballantyne Corporate Center. About 700 employees work at the Innovation Park offices.
URP Convergys center shares in major Charlotte expansion
Convergys, a customer-management services provider with more than 80,000 employees, announced in February that it would hire 1,600 people in the Charlotte area for its call centers at Cambridge Corporate Center in University Research Park, and in south Charlotte. The majority of the jobs were expected to go to the south Charlotte facility, since the URP call center is close to capacity. Among Convergys clients served by the URP center is OnStar. As big as Convergys is, it will soon get much bigger. On Jan. 5, Reuters News Service reported that Convergys planned to buy rival Stream Global Services. That company, with 40,000 employees, provides customer relationship management services in 22 countries. The two companies will have combined annual revenue exceeding $3 billion.