Rex Glendenning, a well-known land broker in North Texas, is planning to relocate the headquarters of Rex Real Estate from Frisco back to his hometown of Celina. The new office would be a mass timber building ranging from 40,000 to 60,000 square feet. Glendenning said he expects his company to occupy about a quarter of the space and lease out the remainder. Construction could begin next fall and is projected to take about 18 months.
Glendenning is considering two sites for the new headquarters. One option is King Place, a 600-acre mixed-use development just north of Glendenning Parkway that already has $40 million in infrastructure investments and will connect with the Dallas North Tollway extension expected to finish in 2027. The other site under consideration is Shawnee Trail, a large-scale mixed-use project currently being built that will include Celina’s first Walmart Supercenter.
Glendenning’s family has lived in Celina since the 1880s, and their longhorn cattle still graze on land slated for development at King Place. “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 Dallas Business Journal.
Glendenning indicated he prefers King Place but said he will wait until after completion of the tollway extension and finding suitable partners before starting vertical construction. He also suggested that King Place could attract major corporate tenants similar to how Westlake attracted companies like Charles Schwab and Fidelity Investments.
Celina Mayor Ryan Tubbs previously described King Place as symbolic of Celina’s future growth and connected it directly with Glendenning’s vision for the city.
Rex Real Estate has operated out of Preston Road in Frisco for nearly twenty years.
