Wednesday, July 10, 2013

State Farm's North Texas Hub will Span 3 Office Towers

State Farm Insurance's North Texas regional hub totaling 1.5 million square feet will span three office towers in Dallas-based KDC's 186-acre mixed-use development at President George Bush Turnpike and North Central Expressway in Richardson.
The details on the three office towers are still scarce as State Farm holds out on revealing details and renderings until the official groundbreaking at 10 a.m. on Thursday. However, KDC says the towers will be ready for occupancy in early 2015.

State Farm's lease with KDC was the largest in North Texas history, and was also awarded the Dallas Business Journal's Deal of the Year in 2012.
Along with the three office towers, KDC's initial phase of the mixed-use development includes 1,000 multi-family residential units, an 150-room select service hotel, a health clinic and fitness facility, a specialty anchored grocery store and more than 75,000 square feet of restaurant and retail space.
Earlier this year, State Farm unveiled massive plans for a similar facility in Phoenix, which has a ticket price of $600 million.
More info at:
Staff Writer-Dallas Business Journal