Independent Financial recently purchased an additional 17 acres adjacent to its current headquarters at McKinney Corporate Center Craig Ranch, bringing its corporate campus to nearly 30 acres. The move triples the financial institution’s original footprint and sets it up for future expansion with the ability to develop two to three additional office buildings.
“We fully expect to outgrow our current footprint in the next few years,” said David R. Brooks, chairman, president and chief executive officer of Independent Bank Group. “With our acquisition activity and our fast growth rate, this additional land gives us options and preserves the property to ensure it remains available. We originally chose this location for our corporate campus because it is at the new center of the metroplex and competes with the other headquarters regional offices along the North Texas Tollway and Legacy West business district.”
Independent Financial completed its 150,000-square-foot six-story office building at McKinney Corporate Center in 2019 and broke ground on its second phase of construction, a six-story 198,000-square-foot building in January of this year, which is expected to be completed in 2022.
Craig International is McKinney Corporate Center Craig Ranch’s exclusive broker. James Craig, president of Craig International, represented the 17-acre transaction for McKinney Joint Venture, an affiliate of KOAR Institutional Advisors, a West Coast real estate firm that is developing a mixed-use project on 62 acres within McKinney Corporate Center Craig Ranch.
Lisa Brown has more than 30 years of experience in corporate communications and marketing management with organizations including Grubb & Ellis, Marcus & Millichap and NAIOP.
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