Dr Pepper confirms it’s moving to a new $200 million office at The Star in Frisco

Just days after Frisco approved the more than $200 million project, beverage firm Keurig Dr Pepper confirms that it is moving its Texas headquarters to the Dallas Cowboys’ Star development.

Dr Pepper said it will occupy a new 350,000-square-foot office building that will open in 2021 just west of the Dallas North Tollway.

About 1,100 employees will relocate from the company’s current office in Plano’s Legacy business park.

“We are excited to upgrade our Texas co-headquarters location to support the needs of our vibrant business, including enhanced technology capabilities and space to increase collaboration,” Bob Gamgort, chairman and CEO of Keurig Dr Pepper, said in a statement. “The new location at The Star in Frisco will provide a state-of the-art work environment and exciting amenities that will energize our employees and enable us to attract top talent in the area.”

The company said that Frisco Economic Development Corp. has approved an incentive package for the move.

Frisco’s city council agreed to sell the 2.5-acre building site overlooking the Dallas Cowboys’ practice field to Star developer Blue Star Land for about $600,000 — less than a fourth of the current property value.

“Keurig Dr Pepper’s decision to locate here is a huge win for the city and residents of Frisco,” Ron Patterson, president, Frisco Economic Development Corp., said in a statement. “This move will drive job growth opportunities as well as create interest from other corporations across the nation seeking to expand and relocate their operations. As more companies move to Frisco, our residents and business community will continue to benefit.”

Steve Brown, Real Estate Editor

Link to Full Story

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s