Billingsley Company, one of Dallas’ most active real estate developers, announced that Optym has signed a lease in the latest office building currently under construction at Cypress Waters. Slated for an August 2020 move-in, Optym’s new space will be designed as a dynamic and innovative work environment that accommodates 90 team members.
Optym is a software company that develops optimization intelligence solutions for companies to reduce their operational costs, drive efficiencies, increase their profitability and improve service quality. They are currently located in Gainesville, Florida and will be moving their global headquarters to Cypress Waters.
“It is always a big deal when a company decides to relocate to our region. We are just thrilled that Optym chose to make Cypress Waters their new home,” said Lucy Burns, partner, Billingsley. “We have focused a great deal on creating a vibrant, amenity-rich community situated on the water. Each group that joins our community strengthens what we have started here.”
The Sound at Cypress Waters is DFW’s newest lakefront, mixed-use neighborhood with office, apartments, retail, restaurants and entertainment venues located right on the water’s edge of North Lake. Optym will occupy 17,327 square feet at 3401 Olympus Boulevard, a 201,000-square-foot, multi-tenant building.
“Optym is looking forward to becoming part of the Cypress Waters community,” said Vic Keller, Optym’s chief executive officer. “The entire Billingsley team has done an outstanding job developing the Cypress Waters business park and we are confident it will make a great home for our growing company and support our innovation and growth strategy. Dallas has a very favorable business environment, diverse economy, and flourishing technology sector, and we are excited to relocate our global headquarters to the thriving Dallas-Fort Worth area.”
Christopher Fleeger at Morrow Hill represented Optym in its real estate search. Marijke Lantz, senior vice president of business pursuits at Billingsley represented Billingsley Company.
“Despite the current state of the market, we have seen significant leasing activity for these new buildings,” Lantz said. “It won’t be long before they are 100 percent leased and we will break ground on our next spec building.”
