Electronics manufacturer Celestica is solidifying its presence in Richardson with a new 10-year property lease, the city announced Wednesday.
The company will lease a 343,000-square-foot building still under construction at 2801 Telecom Parkway to support its work developing data center infrastructure for AI, cloud computing and other advanced technologies.
The city expects the project to create about 2,300 permanent jobs over the next two years. Celestica plans to invest $300 million in that time to support tenant improvements and equipment installation at the facility.
The company is also renewing its lease of two existing buildings through 2036, bringing Celestica’s total occupancy at the site to about 1 million square feet.
The sprawling campus of office and industrial buildings was home to Fujitsu Network Communications for decades before the IT company, now operating as 1Finity Americas, relocated its North American headquarters to another site in Richardson last year.
“This campus is an important part of Richardson’s history,” City Manager Don Magner said. “With Celestica’s investment here, it’ll be also an important part of our future.”
Magner said Celestica’s operations align with the city’s strategic plan for economic development, which targets industries including advanced manufacturing and technology.
The city approved a $3 million tenant improvement grant for Celestica’s expansion, which it said is crafted around the manufacturer’s “commitments to long-term occupancy, capital investment plans and job creation.”
Celestica has been headquartered in Richardson since 2022. The company’s expansion speaks to its belief in the city’s “tech-forward infrastructure” and “top-tier talent,” Celestica CEO Yann Etienvre said in a statement.
The industrial campus is located near Richardson’s Innovation Quarter, a district highly concentrated with tech companies like Dell Technologies, Honeywell and Verizon. The IQ was born a few years ago as an attempt to revitalize the Telecom Corridor — a six-mile stretch of telecommunications companies that dotted U.S. Highway 75 beginning in the 1990s.
Celestica does not operate data centers, it manufactures and assembles the computing infrastructure used by customers spanning the communications, aerospace and defense, energy and healthtech industries.