RICHARDSON, TEXAS — KDC has begun construction on its 186-acre, $1.5 billion master-planned community in Richardson. The development is located near the intersection of President George Bush Turnpike and North Central Expressway. State Farm will lease 1.5 million square feet in three of the towers at the new development. The three Class A buildings include a 13-story, 15-story tower and 21-story towers, which are all situated on five-level parking structures and include ground-floor retail space. Once completed, State Farm will have the capacity to employ 8,000 staffers. Randy Cooper and Craig Wilson of Cassidy Turley represented State Farm in the lease transaction. Austin Commercial is the general contractor of the development, and Corgan Architects is providing design services for both the shell and interior of the properties. Including the three towers, the development will consist of 5 million square feet of office space, 300,000 square feet of grocery, retail and restaurant space, 3,925 multifamily units and two hotels. KDC is pursuing LEED Silver certification for the office towers, which are slated for occupancy in early 2015.
State Farm will lease 1.5 million square feet in three Class A office towers at KDC's new development.
103