Globe Life Eyes New HQ Near Dallas
The company plans to buy the office building from SouthState Bank.
Globe Life plans to move its corporate headquarters to 7677 Henneman Way in McKinney, Texas. The company intends to buy the 200,000-square-foot office building from SouthState Bank.
The deal also involves the purchase of two adjacent parcels of developable land—8 acres north of the building and 1.3 acres to the east.
Cushman & Wakefield represented both parties in the transaction. Bradley Arant Boult Cummings LLP also worked on behalf of Globe Life.
Globe Life will relocate its corporate offices from 3700 S. Stonebridge Drive, where it occupies roughly 150,000 square feet, according to CommercialEdge information. That building is some 4 miles north of the future headquarters where the firm will also gain exterior building signage rights.
The future Globe Life headquarters
KDC developed the six-story building at 7677 Henneman Way as the second component of Independent Financial’s headquarters. The development team also included Smith Group, Corgan and Kimley-Horn, among others. The bank was later on acquired by SouthState.
Completed in 2022, the low-rise has a LEED Silver certification. Amenities feature parking, a fitness center and conference space for 350 people, as well as food and beverage areas.
The property is 30 miles north of downtown Dallas and has access to the Sam Rayburn Tollway. Dallas-Fort Worth International Airport is some 27 miles away.
Cushman & Wakefield Executive Directors Campbell Puckett and Zach Bean, Executive Managing Directors Bill McClung, Chris Taylor and Ryan Hoopes, together with Associate Tucker Hume brokered the transaction. In addition, Senior Attorney Krishan Patel and Partner Lauren Smyth with Bradley Arant Boult Cummings LLP represented Globe Life.
The office investment volume may experience a modest increase in 2025, but prices are likely to remain steady, a recent CommercialEdge report shows. Maturing loans on properties facing occupancy issues and ongoing inflation pressures will lead to a market dominated by distressed property sales.
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