Debt buyer PRA Group has expanded its Norfolk, Va. headquarters for the second time in just more than a year.
With the latest expansion, the company now occupies four buildings in the city's Riverside Corporate Center, with a total of 158,000 square feet of leased space.
The new 28,000-square-foot office space has undergone an extensive, $2 million remodeling and features an open, modern design. It houses approximately 100 employees of PRA's information technology group - including its telecommunications, security, database administration, application development and support functions.Steve Fredrickson, chairman, president and CEO of PRA Group, said, "This latest expansion of our Norfolk headquarters will support our company's long-term growth, which has been fueled by our recent entry into new international markets."
Norfolk Mayor Paul Fraim said, "PRA has been a model corporate citizen for nearly 20 years, providing more than 1,100 jobs in Norfolk and enhancing the quality of life through their philanthropic and volunteer contributions in our community."
PRA most recently expanded its headquarters in November 2013, when the company moved into an additional 30,000 square feet of space in the Riverside Corporate Center, PRA's headquarters since 1999. The company leases an additional 17,000 square feet of office space on Robin Hood Road in Norfolk.