The six-story, 198,000-square-foot building is Phase 2 for the company's headquarters construction plan. It will more than double the company’s existing presence at McKinney Corporate Center Craig Ranch, according to a news release, and allow the organization to consolidate banking operations teams. Independent Financial says its workforce is expanding, and future growth opportunities are down the line.
Cost for this project is $59.5 million, the release said. In total, Independent Financial says $112 million has been spent for the two buildings, excluding land costs.
“The completion of the second building will allow us to bring all of our Independent Financial corporate employees together in one location, improve operations and recruit premier-level talent,” David Brooks, Independent Financial chair and CEO, said in the release. “We have experienced strong growth in recent years and it had become readily apparent that it was time to expand our campus.”
Ground has been broken, and expected completion of the project is by 2022. The design will match the original building, also six stories, but will be about 20% larger, according to the release. 972-562-9004. www.ifinancial.com