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Commercial Real Estate

Frisco Station Expands Office Space With Third Building

It is anticipated that nearly 15,000 people will have daytime employment at Frisco Station.
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VanTrust Real Estate continues its expansion in Frisco with the development of The Offices Three at Frisco Station, a 210,000-square-foot, Class A speculative, office building. The new structure marks the third for the office district at Frisco Station, the 242-acre mixed-use project located at the northwest quadrant of the Dallas North Tollway and Warren Parkway.

“Frisco is the hottest market in North Texas and was America’s fastest-growing city in 2018,” said Bill Baumgardner, executive vice president, Dallas, for VanTrust. “With the job growth and office demand in North Texas, the projections for leasing are excellent. Also, wellness and technology amenities in new, collaborative office spaces are key to companies’ talent acquisition and retention strategies, and this site will offer a premier environment for a healthy, smart, and engaging work experience.”

Construction on the six-story, mid-rise office tower in the North Platinum Corridor will begin this month and is slated for completion in 2021.

The Offices Three at Frisco Station will be located at the southeast corner of Cowboys Way and Hickman Road.

The project is the third offering of a total of 5 million square feet of planned office space for Frisco Station, which will include 1.5 million square feet of mid-rise office space and 2 million square feet for campus-style offices.

It is anticipated that nearly 15,000 people will have daytime employment at Frisco Station.

Future job growth in Frisco over the next ten years is predicted to be 55.7 percent, much higher than the U.S. average of 33.5 percent, according to Sperling’s BestPlaces.net. From November 2018 to November 2019, the DFW area added more than 120,000 jobs, topping any U.S. metro area for employment growth.

The Offices One, which opened in December of 2017, is 98 percent leased. Tenants include Brierley+Partners, Fiserv, Equinix, Kimley Horn, and Executive Workspace. The Offices Two shell building construction is almost complete, and the leasing is already at 35 percent, with Keurig Dr Pepper as the largest tenant.

As with Offices Two, the design team includes HKS, which has been selected as the project architect for the building; Manhattan Construction, which will serve as the design-build contractor; and Kimley Horn and Associates, which will serve as the civil engineer of record.

The property will be marketed and leased by the Dallas/Fort Worth office of Cushman & Wakefield.

Building amenities will include structured parking, a fitness center, conference center, and a tenant lounge. The building, which has been designed with future-proofing in mind, will have communications and power infrastructure that includes multiple fiber optic option providers.

 

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