Globe Life Announces Plans to Relocate Corporate Headquarters within McKinney, Texas, part of the Dallas-Fort Worth Market
MCKINNEY, Texas, Feb. 3, 2025 /PRNewswire/ -- Globe Life Inc. (NYSE:GL) has announced plans to relocate its corporate headquarters and is slated to acquire 7677 Henneman Way in McKinney as well as two tracts of developable land adjacent to the property. SouthState Bank is the seller in the transaction.
With the relocation, Globe Life retains over 2,000 jobs in McKinney and plans to continue growing its workforce over time to support its growing policyholder base.
"We are excited to announce the relocation plans of our corporate headquarters as they will provide an opportunity to update and modernize our workspace for our valued employees," said Globe Life Co-Chairman & CEO, Matt Darden. "This move represents our commitment to continued growth initiatives, to providing the highest level of service to our customers, and our investment in the future of Globe Life and our employees."
The 200,000-square-foot, six-story Class AA office building at 7677 Henneman Way was recently developed as Independent Bank's headquarters in 2022 before SouthState Bank's acquisition of Independent. In-building amenities include dedicated and secured parking, a state-of-the-art fitness center, food and beverage centers, and a conference center that accommodates up to 350 people. Additionally, Globe Life will establish exterior building signage at the property, which fronts the Sam Rayburn Tollway and its daily traffic count of over 109,000 vehicles.
Nearby, McKinney amenities within three miles include seven hotels, 79 restaurants and 76 retail establishments.
In addition to securing 7677 Henneman Way, Globe Life will acquire a tract of developable land totaling approximately 8 acres, which is located immediately north of the building and adjacent to its parking deck, as well a neighboring tract to the east totaling 1.3 acres, all to support Globe Life's future growth in McKinney.
Cushman & Wakefield's Campbell Puckett, Ryan Hoopes, Bill McClung, Zach Bean, and Chris Taylor represented Globe Life and SouthState Bank in the transaction. Bradley Arant Boult Cummings LLP's Krishan Patel and Lauren Smyth also represented Globe Life.
About Globe Life
Globe Life Inc. is a holding company specializing in life and supplemental health insurance for the middle-income market distributed through multiple channels, including direct to consumer and exclusive and independent agencies.
About Cushman & Wakefield
Cushman & Wakefield is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2023, the firm reported revenue of $9.5 billion across its core services of property, facilities and project management, leasing, capital markets, and valuation and other services. It also receives numerous industry and business accolades for its award-winning culture. For additional information, visit www.cushmanwakefield.com.
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SOURCE Globe Life Inc.