Construction has begun on Phase Two of Independent Financial’s headquarters in McKinney, which is being developed by KDC. The six-story, 198,000 square-foot building will more than double the company’s existing presence at McKinney Corporate Center Craig Ranch, and allow the organization to consolidate its banking operations teams.
The design of Phase Two will mirror the original building, also six stories, but will be approximately 20% larger. The initial structure was completed in 2019.
“McKinney continues to be a thriving area of North Texas with a strong business-friendly environment,” said Peter Yates, VP development, KDC. “We look forward to continuing our relationship with Independent Financial and developing a phase two building that complements the headquarters and sets the course for the company’s continued success.”
The cost of Phase Two is estimated at $59.5 million, for a total investment of $112 million in the two buildings. Completion is expected in 2022.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism.
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