Cypress Software Systems LP today announced that it has signed a lease to expand its office space by 75 percent at Richland Corporate Centre at 9001 Airport Freeway in North Richland Hills, Texas.
Under the five-year agreement with owner Gaedeke Holdings II, Ltd., Cypress will occupy 7,349 sq. feet on the eighth floor in suite 800. Cypress, a tenant in the building since 2003, will use the extra area for new employee offices and a training center.
"This office expansion illustrates the success of our loan automation software in the banking industry, and our subsequent company growth," said Stephen G. Sargent, president and CEO of Cypress. "The extra space meets an immediate need as we hire new employees, and the training center will provide a convenient location to instruct our staff and client base on new software features and products."
Jim Montgomery of Dallas-based Swearingen Realty Group represented Cypress. Belinda Dabliz is Gaedeke Group's leasing agent for Richland Corporate Centre, which includes 139,137 SF in a nine-story tower and three-story garden office building. An additional 240,000 SF office tower is planned for construction.
About Cypress Software Systems
Headquartered in North Richland Hills, Texas, USA, Cypress Software Systems, LP is a leading developer of automated credit application decision support technology. Cypress provides community and regional banks, finance companies and credit unions with loan application decision and tracking tools equivalent to those used by the largest national lending institutions. Clients, nationwide and in 16 countries, use the company's flagship products, Mark IV and BizMark, to quickly and consistently process consumer and small commercial loan applications. Cypress Mark IV offers a flexible, risk-based processing approach that includes tracking consumer loan applications from point of entry to point of decision. Cypress' BizMark loan automation software processes commercial loan requests within a customer relationship management environment. Both products may be licensed in the bundled Cypress Suite and are offered in either an application service provider (ASP) or traditional business model. The company's product line also includes AppMark, an ASP-only consumer lending solution for community banks with assets of $200 million or less. Web Site: www.go-cypress.com.
About Gaedeke Group
Dallas-based Gaedeke Group is a full-service real estate firm that provides investment, acquisition, management, leasing, construction management and portfolio management services. The company is currently operating in Arizona, Florida, Tennessee, Texas and Washington, D.C.