The Big 12 Conference’s Irving headquarters is officially on the market.
After being located in a two-story office building at 400 John W. Carpenter Freeway in Irving since its inception in 1996, the conference will officially move to a newer facility, still within the Irving city limits at Williams Square, with both the negotiation of its new lease and the sale of its old building in the hands of the real estate team in Cushman & Wakefield’s Dallas office.
“From the beginning, the Big 12 Conference envisioned a specific set of requirements for its new headquarters,” Cushman & Wakefield’s Travis Boothe said in a previous press release. “They sought a contemporary space designed for teamwork, a prime location that would be convenient for both local staff and visitors from conference schools, and a facility that embodies the Big 12 brand. Following an extensive search across the region, Williams Square emerged as the perfect choice, meeting all these criteria.”
The project came together thanks to Cushman & Wakefield’s relationship with Big 12 Commissioner Brett Yormark and the comprehensive research teams the parties brought in.
Cushman & Wakefield’s Beth Lambert, part of the team selling the John W. Carpenter Freeway property, told The Dallas Express that the parties explored the possibility of renovating the old space, but in the end, it just would have been too extensive of a project, so they decided to sell and move on.
The new space is located at 5215 N. O’Connor Blvd and will have more workstations and spaces to account for additional employees and visitors and create a more efficient work environment.
The old property went on the market on March 5, and Lambert says it should appeal to industries like oil and gas, engineering, or family offices due to the ability to own the building and control the environment and its unique features like covered parking and a chilled water system that make it seem more residential.
“It’s not going to be an investor that buys this property, likely,” Lambert added to the Dallas Business Journal. “It’s going to be an end user, someone who’s going to make this their home, and we already have offers on the building that came very quickly.”
According to the Dallas Business Journal, the buyer will also get the Big 12’s furniture and audio and technology equipment that it is not bringing to the new building.
The Big 12 is expected to move to its new headquarters this fall, and Lambert says the old building could sell within the next month.
