Meridian Title Co. is expanding in Springfield after quickly running out of space at its new headquarters.
Owner Jeremy Burcham said Meridian Title and his credit compliance firm, Clear Audit Services, signed a lease to occupy 18,300 square feet in the Frisco Building on East Chestnut Expressway.
Burcham said the companies "promptly outgrew" 12,000 square feet of new headquarters space after moving to 1334 E. Republic Road in January. The headquarters previously operated at 4121 S. Fremont Ave., Ste. 152.
The Frisco Building also will house Meridian Commercial, a recently expanded portion of the title business, and an event center that has a commercial kitchen and presentation area for residential and commercial agents to host clients, he said.
Burcham said his companies soon would have 21 locations in Missouri and Kansas. He also pointed to a "strategic acquisition" in the works and planned hires in sales and marketing.
"All our core national operations for Meridian Title and Clear Audit Services are here in Springfield and as we continue to push into other states through organic growth, acquisition and other opportunities, we will keep our operational units centralized in Springfield," Burcham said. "We would love to be one of the largest local employers in the coming years."
At the Frisco Building, Meridian Title and Clear Audit Services are on a five-year lease with two five-year options. Lee McLean III of McLean Enterprises Inc. brokered the deal, Burcham said.
"We plan to be a long-term tenant in the space," Burcham said, declining to disclose lease terms. "This is the first of many steps we are taking to reface the title industry in southwest Missouri and provide additional value to our partners."
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