Blue Cross & Blue Shield of Texas to lease office space in new Richardson HQ

by PegNews wire

RICHARDSON — Blue Cross and Blue Shield of Texas (BCBSTX) has announced plans to lease office space in a new headquarters building that will enable the health insurer to house 1,000 more employees than its current headquarters without any increase in leasing costs.

Dallas-based Koll Development Company (KDC) will build and own the new HQ, and also will assume BCBSTX's existing lease obligation at its current 901 South Central Expressway location. The new building will have about 1 million square feet of space on 34 acres at the northeast corner of North Central Expressway and Lookout Drive, enabling BCBSTX to consolidate the bulk of its 2,700 local employees into one location from four.

"This move reflects our tremendous growth from 2 million members in 1998 to 3.4 million members today, and demonstrates our commitment to the city of Richardson," said BCBSTX president Martin Foster. Blue Cross has been located in Richardson for over 25 years.

Blue Cross and Blue Shield of Texas - the only statewide, non-investor- owned health insurer in Texas - is the largest provider of health benefits in the state, working with nearly 40,000 physicians and 400 hospitals to serve 3.4 million members.

Source: Blue Cross Blue Shield of Texas