FRISCO, Texas — The financial firm TIAA is expanding its presence in North Texas.
The company this week confirmed that it will close its downtown Denver office in 2026 as it transitions most of those roles to its new Frisco corporate office, which is located in The Star development near the Dallas Cowboys training facility.
“Closing TIAA’s Denver office in 2026, instead of when the lease ends in 2029, will provide substantial savings in rent and operational costs – savings which TIAA can then invest in business needs and serve the best interests of our clients," TIAA officials said in a statement. "We made this announcement now to give our associates as much notice as we could."
The announcement comes on the heels of TIAA opening its Frisco office last week. The office, located at 6303 Cowboys Way, will be staffed in a phased approach, according to company officials.
Employees at TIAA's Denver office will have the option to relocate to the Frisco office. TIAA officials aid they'll keep a presence in Denver for employees whose primary job is to meet in-person with clients.
The Denver Business Journal reported that TIAA's exit out of Denver could impact around 1,000 jobs, with most of those being part of the relocation to Frisco.
TIAA's new office in Frisco is a 15-story building that cost around $110 million and will total around 500,000 square feet, according to the Dallas Business Journal.
TIAA employees who currently work in the Lewisville office will also shift to the Frisco location as part of the transition. The company has had a presence in the Dallas area since 1985.
