ALLEN, Texas–The Credit Union of Texas has purchased the building that is home to its headquarters.
According to the Dallas Business Journal, the $2.54 billion credit union acquired the 120,000-square-foot One Bethany East, in One Bethany at Watters Creek, from a joint venture of Dallas-based Pillar Commercial and Oklahoma City-based Hall Capital.
Terms of the deal were not disclosed, but The Real Deal reported the property has a taxable value of $35 million, with tenants including Thrivent, Allen Economic Development Corporation and Netflix.
“The credit union has steadily upped its presence in Allen since moving its headquarters from Dallas to One Bethany East in 2019,” The Real Deal reported. “Two years later, the company bought a nearby building, at 415 Century Parkway, as it relocated its mortgage loan organization, Texas Mortgage Lending, and its auto-leasing company, FairLease, to the north suburb, bringing its local employee headcount to 375 at the time.”
Credit Union of Texas has more than 163,000 members.
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