Rex Glendenning is plotting a homecoming and a headquarters in one of North Texas’ fastest-growing cities.
The legendary land broker told the Dallas Business Journal he wants to move Rex Real Estate out of Frisco and back to Celina, where his family has deep roots. Glendenning is eyeing a mass timber office building of 40,000 to 60,000 square feet, with plans to occupy about a quarter of the space and lease out the rest. He hopes to start construction next fall and taking 18 months. Celina is about 40 miles north of Downtown Dallas and has a population of about 30,000.
Two Celina sites are in play. The first is King Place, a 600-acre mixed-use development that Glendenning calls his “legacy project.” Located just north of Glendenning Parkway, it already has $40 million of infrastructure in place and ties into the Dallas North Tollway extension scheduled for completion in 2027. The other option is Shawnee Trail, a billion-dollar mixed-use project under construction that’s slated to deliver the city’s first Walmart Supercenter.
For Glendenning, the move is more than just a business decision. His family history in Celina dates the 1880s, and their longhorn cattle still graze the land where King Place is set to rise.
“What the Bass family was to downtown Fort Worth, what the Carpenter family was to Los Colinas, and what the Trammell Crow family was to Dallas, the Glendennings are that for Celina,” Rex Real Estate agent Matthew Kiran told the outlet.
Glendenning hinted he’s leaning toward King Place, but said he’s waiting for the 360 Tollway extension and the right partners before launching vertical construction. He believes the project could attract a major corporate tenant, pointing to Westlake’s success in luring Charles Schwab and Fidelity Investments. Celina Mayor Ryan Tubbs last year called King Place a symbol of the city’s future, tying its growth to Glendenning’s vision.
Rex Real Estate has been based on Preston Road in Frisco for nearly two decades.
— Eric Weilbacher
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