Just the Facts: Big Corporate Moves To DFWPosted: March 15, 2016
The economy is booming in North Texas, with a number of corporations bringing thousands of employees to the D-FW area in the near future. Here’s a look at some of the big corporate moves in the works from Real Estate editor Steve Brown. (Dallas Morning News, March 11, 2016)
State Farm Insurance is nearing completion on a 2 million-square-foot, four-building regional office campus at Plano Road and the Bush Turnpike in Richardson. About 8,000 State Farm workers will be housed in the towers, which are part of the $1.5 billion CityLine development.
JPMorgan Chase is moving 6,000 workers to a new office campus in the Legacy West development near the southwest corner of the Dallas North Tollway and State Highway 121. The project is expected to total more than 1 million square feet in six buildings and could cost more than $300 million.
Toyota Motor Co.’s new North American headquarters complex is under construction in Plano’s Legacy West development at State Highway 121 and Legacy Drive. The $350 million office project, with more than 2 million square feet of space in seven buildings, will open in 2017 and will house more than 4,000 workers.
Liberty Mutual Insurance plans a 1 million-square-foot, two-tower regional operations center on Headquarters Drive at the Dallas North Tollway in West Plano. The $325 million project, part of the $2 billion Legacy West development, will have room for more than 4,000 workers when it opens in 2017.
McKesson announced Thursday that it is buying the former NEC Corp. of America office complex on State Highway 114 in Las Colinas. The two office buildings contain more than a half-million square feet of office space. McKesson will add 975 new jobs and move 900 workers already in the Dallas-Fort Worth area to the new offices.
Raytheon is building a 500,000-square-foot, three-building office campus as part of the 186-acre CityLine development on the Bush Turnpike in Richardson. About 1,700 workers will move into the new campus.
CoreLogic is building a $68 million, 327,000-square-foot office campus in the Cypress Waters business park just north of LBJ Freeway near Belt Line Road. CoreLogic plans to move more than 1,300 workers from Westlake and Richardson when the new building opens in 2017.
7-Eleven is moving to a 325,000-square-foot headquarters complex in the Cypress Waters development off LBJ Freeway in Irving. 7-Eleven starts relocating more than 1,200 workers from downtown this year.
FedEx Office just opened a 265,000-square-foot corporate campus at Legacy and Headquarters drives, south of State Highway 121 in West Plano. 1,200 employeesworkers will work be located in the worldwide headquarters complex.