PRA Group expands Norfolk headquarters
PRA Group has expanded its Norfolk headquarters for the second time in just over a year. With the latest expansion, the public company, which acquires defaulted receivables, now occupies four buildings in the Riverside Corporate Center, leasing a total of 158,000 square feet.
Its new 28,000-square-foot office space at 150 Corporate Boulevard has undergone an extensive, $2 million remodeling. It houses about 100 employees in PRA’s information technology group, including telecommunications, security, database administration, application development and support functions.
“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,” Steve Fredrickson, chairman, president and CEO of PRA Group, said in a statement.
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 another 17,000 square feet of office space on Robin Hood Road in Norfolk.