Perceptive Software Inc. and FMH CoreSource Announce Plans to Relocate

By Gabriel Circiog, Associate Editor

Perceptive Software Inc., a Lexmark company, has announced plans to relocate from its headquarters at Shawnee Mission Parkway and Kansas Highway 7 to Lenexa City Center. The company, which indicated that it has outgrown its current location, submitted its proposal to Lenexa officials, The Kansas City Business Journal reports.

According to the documents submitted to the Lenexa Planning Commission, the company plans to build initially a 120,000-square-foot, four-story building and an equally sized building in a later second phase. The proposed buildings would be located south of 89th Street Parkway and west of Renner Boulevard.

Perceptive Software will be seeking tax increment financing for the project by amending the existing TIF plan. As per the city documents Perceptive would be reimbursed around $15 million for certain project costs via the TIF plan.

The Lenexa City Center is a project that was envisioned to include up to 1.9 million square feet of office, retail, hotel and residential space. The City of Lenexa passed a TIF plan for the project on 424 acres around 87th Street and Renner Boulevard, but the overall development has progressed slowly mainly due to the recession.

FMH CoreSource is another company that has announced plans to relocate its offices. FMH CoreSource, which specializes in personal employee benefits administration, plans to move to the Sprint Nextel Corp. campus. The company plans to relocate 182 employees in the fourth story of 6240 Sprint Parkway, where it would occupy 34,739 square feet. The move to Sprint Campus, which is scheduled to take place by the third quarter of this year, would allow the company to expand to 250 employees.

Photo Courtesy of: www.lenexacitycenter.com