Globe Life Inc. plans to relocate its corporate headquarters within McKinney by acquiring 7677 Henneman Way from SouthState Bank as well as two tracts of developable land adjacent to the property.
“We’re 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,” Globe Life co-Chairman & CEO Matt Darden said in a statement. “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 company’s headquarters has been at 3700 S. Stonebridge Drive in McKinney.
With the relocation, Globe Life said it retains more than 2,000 jobs in McKinney and plans to continue growing its workforce over time to support its growing policyholder base.
The 200,000-square-foot, six-story Class AA office building at 7677 Henneman Way was developed in 2022 as Independent Bank’s headquarters before SouthState Bank’s acquisition of Independent.
New name going up
Globe Life said that 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. Globe Life said it also will establish exterior building signage at the property, which fronts the Sam Rayburn Tollway and its daily traffic count of over 109,000 vehicles.
The company said that nearby, amenities within three miles include seven hotels, 79 restaurants and 76 retail establishments.
Along with securing 7677 Henneman Way, Globe Life said it will acquire a tract of developable land totaling roughly 8 acres 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.
Globe Life 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.
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