On Monday, Kubota Tractor Corporation broke ground at the new location of its corporate headquarters in Texas.
Located in Grapevine, near Fort Worth, Kubota says the three-story office building will be approximately 125,000 square feet in addition to a 68,000 square-foot research and development facility.
The new $51 million HQ is expected to be completed by the first quarter of 2017.
Kubota announced its move from its current headquarters in Torrence, California, to Grapevine, in May. The company says the new location is a more central base of operations as it moves Kubota staff closer to its major markets, and closer to its manufacturing, assembly and distribution plants in Georgia and Kansas.
Texas extended a $3.8 million grant offer to land the company’s relocation and the facility is expected to create 344 new jobs.
“Kubota’s more than $50 million investment in this project demonstrates our commitment to being here,” Masato Yoshikawa, Kubota President and CEO, said at the ground-breaking ceremony. “This is the most significant change we have undertaken in our long and successful history in the U.S., and we are looking forward to further establishing our roots here in Texas.”