Dallas-based developer Billingsley Co. is looking to kick off a new office campus in Farmers Branch with a build-to-suit for Monitronics. According to paperwork filed with the City of Farmers Branch, the three-story, 169,000-square-foot headquarters will be built on 14 acres near Wittington Place and Senlac Drive, on the eastern shore of what’s known as Mercer Crossing Lake.
Monitronics, which provides home security systems and alarm monitoring services, has outgrown its space at 2350 Valley View Lane, also within Farmers Branch. It currently employs 800, but expects to have 1,360 employees on board by 2020.
A second, 26-acre phase of the office campus would add three buildings, each about 200,000 square feet in size. These facilities also would overlook the lake, which would be expanded, with surface parking extended to the east.
Rick Hughes and Dean Collins with Cushman & Wakefield are representing Monitronics in the deal. Good Fulton and Farrell is the project’s architect.
Billingsley Co. acquired 225 acres of Mercer Crossing property in 2012, in one of the year’s biggest land deals.
Update:
Billingsley Co. has released details on the build-to-suit for Monitronics, which will be 165,000 square feet in size, and its new campus, called Mercer Business Park. Marijke Lantz, senior vice president of investments and build-to-suits for Billingsley, said the company is in talks with several local and regional companies that are interested in joining Monitronics at the development.
Lucy Billinglsey, partner, said positioning the campus along the shore of a 57-acre lake, and connectivity to the city’s hike-and-bike trails, were key selling points, as was the visibility the building will get from LBJ Freeway.
Hughes of Cushman & Wakefield described the deal as a “fast-track” process, as Monitronics was growing by acquisition during the middle of negotiations. The company “will now have a fabulous new home designed for flexibility and growth,” he said.
Here are new architectural renderings of the new Monitronics headquarters, by Good Fulton & Farrell.
