For Immediate Release
March 04, 2013
Pearland Economic Development Corporation
Dover Energy Selects Pearland for New Regional Facility
PEARLAND, Texas — The Pearland Economic Development Corporation, along with the City of Pearland, recently announced Dover Energy’s plans to consolidate its multiple Texas locations into one regional facility to be located in Pearland.
Dover Energy, which provides highly-engineered solutions for the safe and efficient extraction and handling of critical fluids worldwide in the drilling, production and downstream markets, selected Pearland during a multi-city site search. PEDC and City of Pearland assisted Dover Energy with regulatory and zoning issues throughout the six-month site selection process, along with providing an incentive package to secure the relocation.
“The City of Pearland is honored that a world-class company such as Dover has chosen Pearland as the location for its consolidated operations,” said Pearland Mayor Tom Reid. “Dover’s selection of Pearland for its new facility demonstrates how our community’s outstanding quality of life and business-friendly leadership continues to attract high-caliber companies to the area.”
Dover Energy’s new consolidated manufacturing and operations center will be located in the Lower Kirby Urban District on a 14-acre site at the northeast corner of Spectrum Boulevard and Hooper Road, directly behind Merit Medical’s new facility. The facility will be 150,000 square feet with space for a staff of approximately 200 employees, and is expected to bring $23.8M in investment to the community.
“Dover was looking to consolidate the manufacturing and operations of several stand-alone businesses into one site that was convenient and would best position it for future growth, and we found a great location for them that will suit all of their needs in a modern business park environment,” said Jarrett Venghaus, Senior Vice President of Jones Lang LaSalle, who represented Dover in its purchase of the land.
The Lower Kirby Urban District consists of 1,200 acres located on the western border of Pearland facing South Beltway 8 and is well positioned to capture a significant portion of office, retail, commercial and industrial projects as the Houston market continues to grow and expand. Existing developments within the Lower Kirby Urban District include Merit Medical’s new R&D and manufacturing facility (currently under construction), Cardiovascular Systems, Inc.’s medical device manufacturing facility, Pearland Surgery Center and Bass Pro Shop.
About Dover Corporation
Dover Corporation is a diversified global manufacturer with annual revenues of over $8 billion. For over 50 years, Dover has been delivering outstanding products and services that reflect its market leadership and commitment to operational and technical excellence. The Company's entrepreneurial business model encourages, promotes and fosters deep customer engagement which has led to Dover's well-established and valued reputation for providing superior customer service and industry-leading product innovation. Dover focuses on innovative equipment and components, specialty systems and support services through its four major operating segments: Communication Technologies, Energy, Engineered Systems and Printing & Identification. Headquartered in Downers Grove, Illinois, Dover employs 35,000 people worldwide. Dover Corporation is traded on the New York Stock Exchange under "DOV." Additional information is available on the company's website at www.dovercorporation.com
Established in 1995, the Pearland Economic Development Corporation promotes, assists and enhances the economic development activities and quality of life within Pearland, Texas. In bringing new and existing businesses to the area, the organization attracts capital investment to add to the city’s tax base and helps to increase the number of employment opportunities for residents. For more information, visit www.pearlandedc.com