KDC has been selected to develop the new corporate headquarters for Independent Bank Group, Inc. (NASDAQ:IBTX), the holding company for Independent Bank, at the McKinney Corporate Center Craig Ranch.
“IBTX is experiencing impressive growth and was eager to get started on their new corporate headquarters,” said KDC CEO, Steve Van Amburgh. “It was important to Independent Bank that they remain in McKinney, so together with David Craig and The City of McKinney, we were able to develop a project that meets their needs today and allows for future growth.”
The 150,000-square-foot headquarters will be at the entrance of the McKinney Corporate Center Craig Ranch. The 10.4-acre parcel of land is located at State Highway 121 and Grand Ranch Parkway.
“We are excited to kick off our new headquarters project with a strong partner. KDC is very accomplished in building these type of projects, and we’re looking forward to our shared success,” said Independent Bank CEO, David Brooks.
KDC will break ground in the fourth quarter of 2017 with approximately 400 employees expected to occupy the new headquarters in January 2019. The developer will begin interviewing architects and general contractors in the coming weeks with plans to achieve LEED Silver certification. Bret Hefton and Graham Shelby with Avison Young represented Independent Bank Group during the transaction.
Craig Ranch developer David Craig added, “There’s no better time to be breaking ground in McKinney and what better partnership than KDC and Independent Bank. We’re looking forward to welcoming Independent Bank as the inaugural corporate headquarters at the McKinney Corporate Center Craig Ranch.”
McKinney-based Independent Bank is an $8.7 billion regional bank deeply rooted in the communities it serves. Since its initial public offering in 2013, its high-performance, purpose-driven banking led its growth and, as a result, increased their employee-base from approximately 340 to more than 1,000. It currently operates 82 banking offices throughout Texas and Colorado, up from 30 in 2013.
About KDC
KDC is a leading corporate build-to-suit development and investment firm for companies across the country. Within the last 27 years, KDC has produced approximately 30 million square feet valued at over $5 billion. KDC addresses the future of Corporate America by developing walkable, mixed-use urban environments anchored by notable clients, and specializes in datacenter and broadcast studio build-to-suits. KDC's portfolio includes developments for Toyota North America, Liberty Mutual, State Farm (Dallas and Atlanta offices), FedEx, Raytheon, and J.P Morgan Chase. KDC is headquartered in Dallas and is supported by a national team. For more information, please visit kdc.com.
About Independ Bank Group
Independent Bank Group, through its wholly owned subsidiary, Independent Bank, provides a wide range of relationship-driven commercial banking products and services tailored to meet the needs of businesses, professionals and individuals. Independent Bank Group operates banking offices in four market regions located in the Dallas/Fort Worth, Austin and Houston, Texas and the Colorado Front Range area.
About McKinney Corporate Center Craig Ranch
Located at the crossroads of Frisco, Plano, Allen and McKinney, McKinney Corporate Center Craig Ranch is quickly accessible to major employment centers, regional and specialty shopping, fine dining and sports and entertainment venues throughout Collin County. Craig Ranch is within 30 minutes of DFW International Airport and Dallas Love Field and within seven minutes of McKinney National Airport. Craig Ranch is a high profile, regional point of destination and the home of the McKinney Corporate Center Craig Ranch, a premiere 137-acre office park. McKinney Corporate Center offers a prime location fronting the Sam Rayburn Toll Road and access to an abundant well-educated labor pool.
