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The new Fannie Mae building for Granite Properties

Chase will add 6,000 employees at Legacy West

Fannie Mae Lands at Plano's Granite Park in Regional Consolidation

The Federal National Mortgage Association, better known as Fannie Mae, has picked a location in Plano to house a regional multi-office consolidation that reflects the shift in a mortgage industry that is grappling with fewer mortgage delinquencies.  Instead of three locations in the North Dallas corridor totaling about 450,000 square feet, Fannie Mae plans to occupy a single, 300,000-square-foot regional office in the Granite Park multitenant office park in Plano at the southeast Dallas North Tollway and Sam Rayburn Tollway.  "We will be consolidating to reduce the cost of space in Dallas, while being in one place that allows us to work more efficiently and effectively together," said Fannie Mae.  Granite Properties has been expanding its Plano office campus for the past year. It includes a new Hilton-flagged hotel and a boardwalk-style restaurant development.

-        Dallas Business Journal, January 5, 2015

JP Morgan Chase to Put Massive Regional Campus in Plano's Legacy West

-        Dallas Business Journal, January 7, 2015

Legacy West and Granite Park – 35,000 Workers

With the announcement of Chase moving to Legacy West and Fannie Mae moving to Granite Park, the immediate 121 Tollway/Dallas North Tollway will soon have 35,000 workers.  Toyota, Fed Ex, Liberty Mutual, Fannie Mae, and Chase join other companies that have already relocated to the business parks at that intersection..    It is projected than by 2025 that intersection will be the crossroads of Dallas.   Oh my, the traffic by 2025.  But what great real estate for the region as more corporate employees and their families relocate to Dallas.

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