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Associa Opens New HQ with Room for Nearly 1K Workers

Enter content hereRICHARDSON, Texas — Associa CEO John Carona's 25-years vision to house the company's corporate groups under one roof became a reality mainly because of the pandemic.

An enormous amount of properties became available at lower prices as many businesses shifted to remote work, sparking an idea in his head.

"I saw an opportunity to be able to buy really top-quality office buildings at a fraction of what they had been valued at in previous years," Carona said. "That's what happened here. We bought both buildings and created a campus here. This complex came on the market at such a price that I knew it was far below replacement cost."

Associa bought the Richardson property, located at the southwest corner of East Lookout Drive and North Plano Road, last year and began renovations soon after. Carona estimated the company, which provides property management for homeowner associations, invested a little more than $60 million into the new space.

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With more than 300 branch offices across North America, Associa is building the future of community for more than 7.5 million residents worldwide. Our 15,000+ team members lead the industry with unrivaled education, expertise, and trailblazing innovation. For more than 45 years, Associa has brought positive impact and meaningful value to communities. To learn more, visit www.associaonline.com.

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