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Kinkos Takes 100,000 Square Feet in Dallas for Headquarters

Press release from the issuing company

VENTURA, Calif., Nov. 6 -- Kinko's, Inc., the world's leading provider of document solutions and business services, today announced that Dallas will be the site of the company's new headquarters. Kinko's expects to lease approximately 100,000 square feet of Three Galleria Tower at 13155 Noel Road. "Kinko's selected the Dallas/Fort Worth Metroplex because the area offers the right mix of economic and practical benefits for a company with more than 1,100 locations worldwide,'' said Gary Kusin, Kinko's president and chief executive officer. "While many cities and properties around the Metroplex made very attractive proposals, the City of Dallas partnered with Kinko's to create a very strong incentive package combined with an ideal location, and the Greater Dallas Chamber of Commerce also played a key role. Three Galleria Tower offered the right combination of financial terms, ideal space, great central location and unparalleled access to amenities for our team members.'' "We are pleased to welcome Kinko's to Dallas,'' said Mayor Ronald Kirk. "This announcement is a testament to the vitality of the Dallas economy.'' The company remains on track to relocate executives to begin working in Dallas during the first quarter of 2002. The efficient selection process is the culmination of intensive work by Kinko's and several Dallas-based companies. Kinko's engaged Ernst & Young to pursue economic development incentives starting with initial, confidential research. The Staubach Company represented Kinko's in the final site selection and negotiations. Architecture firm Benson Hlavaty provided technical input on prospective sites and is designing the new headquarters. As previously announced, North Texas was chosen for its centralized location, favorable business environment, lower total cost of doing business, competitive tax structure, and decreased travel costs and time. Kinko's will transition most functions of the Kinko's Field Support Organization from Ventura, Calif., to the new location over the next year to two years. Kinko's Ventura, Calif. facility will continue to house the company's technology and accounting departments for the foreseeable future.

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