The nation's largest privately held provider of secure 5G and fiber infrastructure plans to move its Chicago-area headquarters to a fast-growing Dallas suburb in a move that will place the company near "many of our closest partners and clients" and is part of a longer-term business strategy to bring the company to "the center of the industry's ecosystem."

ExteNet Systems, based in Lisle, Illinois, unveiled its plans to move its headquarters, as well as about 150 jobs to Frisco, Texas, about 30 miles north of downtown Dallas. The company expects to complete its move by the end of the first quarter.

The company plans to move into a new 37,000-square-foot office building being built within Frisco Station, a 242-acre, mixed-use development that was one of the nation's first projects built from the ground up with 5G technology. The details of the building, including its address and development cost, were not made immediately available.

The company hopes the move adds a "greater sense of belonging for our team," Richard Coyle, ExteNet's president and CEO, said in a statement. The relocation offers the company the opportunity to "reimagine our future, a shift towards a more communicative and transparent culture." He added that the move also offers employees "a terrific work-life balance and places us closer to many of our closest partners and clients."

Other Chicago-area companies are also making the move to the Dallas-Fort Worth area. Caterpillar, the world's largest maker of construction, mining and industrial equipment, is relocating its headquarters from Deerfield, Illinois, to its divisional office in Irving, Texas, to help the Fortune 500 company achieve "profitable growth."

ExteNet plans to create about 110 new positions focused on deploying and managing infrastructure for sports, entertainment and hospitality venues, as well as college campuses, healthcare facilities and government municipalities throughout the country.

The relocation brings the company closer to the company's largest percentage of owned and managed networks. In the past month, ExteNet announced two key partnerships in Texas, including an exclusive partnership with Spurs Sports & Entertainment, the company behind fan experiences at AT&T Center in San Antonio, home to the San Antonio Spurs.

The company also announced an agreement with Circuit of the Americas to deploy fiber to its 1,500-acre Formula 1 racing facility in Austin. Last year, the company also upgraded the antennas at AT&T Stadium in Arlington, which is the Dallas Cowboys' home stadium.

ExteNet is also providing private wireless network services for The Star in Frisco, the 91-acre campus of the Dallas Cowboys World Headquarters and practice facility. The Star neighbors Frisco Station, where ExteNet is setting up its headquarters. That part of Frisco also houses the helipad where the nation's first commercial drone delivery took flight earlier this year.

Texas Gov. Greg Abbott said in a statement that the Lone Star State is the perfect location for companies such as ExteNet to "flourish and unleash their full potential" and he looks forward to partnering with the company as "we continue keeping Texas the number one destination for technological innovation."

After the move, ExteNet plans to maintain operations at its five satellite offices in Burbank and San Ramon, California; Las Vegas, Nevada; Lisle, Illinois; and Paramus, New Jersey.