Mythics to Move Corporate Headquarters to Virginia Beach Town Center

Company to occupy 38,951 square feet at 4525 Main Street Tower and create 30 new jobs

Tuesday, February 21, 2017

Mythics, an Oracle partner of the year that was founded in Virginia Beach in 2000, will move its corporate headquarters to 4525 Main Street Tower in Virginia Beach Town Center. The company will expand operations by leasing the top floor of the building and the majority of the 8th floor.

Mythics is an award-winning Oracle systems integrator, consulting firm, managed services provider and platinum-level member of Oracle PartnerNetwork representing Oracle product lines across cloud, software, support, hardware, engineered systems and appliances.  Mythics delivers technology solutions for the federal, state and local government, commercial, higher education, utilities and healthcare sectors. For more information, visit www.mythics.com.

"This was a highly competitive relocation effort," said Virginia Beach Economic Development Director Warren D. Harris. "Mythics is a home-grown success story that started in a living room and has since grown to $900 million plus in sales. We see this location decision as a testament to Town Center as a corporate headquarters destination."

Mythics will relocate 143 full-time employees to the new corporate headquarters, and expansion plans project the creation of an additional 30 full-time positions with salaries competitively defined for the Hampton Roads demographic. The capital investment in real estate improvements, business property, and machinery and tools exceed $7.5 million.

The Virginia Beach Economic Development Authority has approved an Economic Development Investment Program grant in the amount of $250,000 based on capital investment. The grant will offset Mythics' investment in real estate improvements and business equipment.

"We considered multiple options, but Virginia Beach was the choice that most closely matched our corporate needs," Founder Mike Hillier explained. "Town Center provides our business a campus environment that reflects our values and professionalism and provides a wealth of options for our employees and guests!"

Mythics appointed Vivian Turok of Divaris Real Estate, Inc., to assist them in their corporate relocation. "Mythics, as a leading technology firm, is an ideal addition to the Town Center's newest LEED Silver certified office tower," says Michael Divaris, president of Divaris Real Estate, Inc.

"We are pleased to welcome Mythics to the roster of quality tenants at 4525 Main Street," said Louis Haddad, president and CEO of Armada Hoffler Properties. "We are confident their employees will enjoy the new, state-of-the-art facilities as well as the amenities of the dynamic Town Center environment."

The mission of the Virginia Beach Department of Economic Development is to attract and retain national and international businesses to stimulate capital investment and create jobs. Virginia Beach is the most populous city in Virginia with a population of 450,000, and it is the 37th largest in the United States. It is recognized as one of the Best Run Cities in America by 24/7 Wall St. The Department of Economic Development received re-accreditation through the International Economic Development Council in 2016 and is one of only 50 economic development organizations in the world to have this recognition. Virginia Beach is listed among the Top Five Overall Mid-sized American Cities of the Future, Top 10 for Economic Potential and Top Five for Infrastructure by fDi magazine. CNNMoney.com ranked Virginia Beach as the Easiest Place to Start a Business and the 2nd Most Business-Friendly City in the country. For more information, visit www.yesvirginiabeach.com.

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