By October, another company from California will be calling North Texas home.
Chino, California-based KVP International Inc. will be moving its headquarters to McKinney later this year, where it will occupy an entire 120,000-square-foot warehouse at 5801 Corporate Drive. The company designs and manufactures veterinary medical devices and will have about 90 employees at its new facility.
The build-to-suit headquarters is being developed by Plano-based Heady Investments and has been designed by O’Brien Architects. Heady purchased the 7-acre parcel from the McKinney Economic Development Corp.
KVP’s move to McKinney has been in the works for at least three years, according to Heady Investment’s executive vice president and partner, Sayres Heady. During that time, the company was also considering four or five other states for the relocation, including Tennessee, Colorado and North Carolina.
“Eventually we showed them that (Dallas-Fort Worth) had a tremendous quality of life along with a low cost of living and certain tax advantages. They really shared our passion for North Texas,” said Heady. “Their business is doing fantastic, and they’re growing like crazy.”
Heady said the company looked at 10 to 12 different North Texas submarkets before choosing McKinney, crediting the city of McKinney and the McKinney Economic Development Corp. for helping seal the move.
The city has had a few economic development wins over the past year and a half. Besides KVP, truck manufacturer PACCAR Inc. (Nasdaq: PCAR) announced last June that it would be moving the division headquarters for Dynacraft from Washington to McKinney. A few months earlier, SRS Distribution announced it would be doubling down on its McKinney footprint and building a new corporate campus.