With strong real estate demand, the company said it’s a good time to consider a sale
Addison is taking a closer look at the future of one of its most recognizable corporate campuses as plans around the Mary Kay headquarters property begin to take shape.
At its April 28 meeting, the Addison City Council approved a professional services agreement with Cobb, Fendley and Associates worth up to $164,075 to evaluate infrastructure conditions and future development needs connected to the campus.
The Mary Kay headquarters property could eventually see large-scale redevelopment after town officials approved a new infrastructure impact study tied to the 33-acre site and surrounding area.
A Major Site With Room To Evolve
The iconic pink-hued corporate campus has been part of Addison’s landscape for decades, but the land surrounding it has increasingly become part of larger redevelopment conversations happening across North Texas.
Mary Kay purchased the 33-acre property in 1994, though only a portion of the site has been fully utilized.
“We have always had a vision to evolve our campus beyond what it is today,” a company spokesperson told Local Profile. “In fact, it was just a few years ago that we opened a 453,000-square-foot state-of-the-art research and development center in Lewisville.”
According to the company, roughly 20% of the Addison property currently houses its global headquarters operations.
“Given the current real estate market and land values in and around Dallas, now is a good time to consider a sale, reassess our campus footprint, and align it with our long-term needs and goals,” the spokesperson said.
What The Impact Study Will Examine
While no redevelopment plans have been formally announced, town officials are preparing for what could eventually become one of Addison’s most significant redevelopment opportunities.
The approved study will analyze existing infrastructure across the site, including stormwater systems, water and wastewater utilities, franchise utilities and traffic conditions. It will also evaluate how future development could align with the town’s Advance Addison 2050 Comprehensive Plan.
According to town documents, the study is intended to provide town staff and potential developers with a consistent understanding of the site’s current conditions and future infrastructure demands as planning discussions evolve.
A Changing Landscape In Addison
The potential move is part of a much larger shift happening across North Texas, where aging corporate campuses are increasingly being reconsidered for mixed-use projects, housing, entertainment districts and higher-density development.
For Addison, the Mary Kay property sits in a highly visible location with substantial redevelopment potential as land values continue rising throughout the Dallas area.
Whether the site ultimately remains partially corporate, transitions into mixed-use development or takes on an entirely different identity remains unclear.
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