Fehmi Karahan: North Texas poised for corporate headquarters relocations even if recession hits
By Bill Hethcock – Senior Reporter, Dallas Business Journal
Fehmi Karahan, whose Legacy West campus in Plano famously landed the North American headquarters for Toyota Motor Co. in the biggest corporate relocation to North Texas in the past decade, is searching for his next big thing.
The master developer of Legacy West and president and CEO of Plano-based Karahan Cos. said corporate headquarters relocations and major expansions have slowed as the threat of a national recession persists, but he thinks North Texas is well-positioned for a fresh wave of corporate migration whether or not a recession hits.
Headquarters relocations to Dallas-Fort Worth and Texas more broadly rose to record levels in 2021, then fell to a five-year low last year...
In an interview with the Dallas Business Journal, Karahan gives his outlook for corporate relocations to DFW in the year or two ahead — and shares why believes most companies moving to North Texas will choose the suburbs over Dallas’ urban core.
Read the full interview at Dallas Business Journal here.