VanTrust Real Estate, office developer at Frisco Station, is adding Fortune 500 company Magellan Health to The Offices Two at Frisco Station, a 210,000-square-foot, Class A speculative office building. Located at the northwest quadrant of the Dallas North Tollway and Warren Parkway, the building is the second of five planned office buildings for the office district at Frisco Station, a 242-acre mixed-use development.
Magellan Health, a leader in managing the fastest growing and most complex areas of health care, is leasing almost 8,000-square-feet of office space at The Offices Two. Currently employing more than 9,000 nationwide, the Frisco office is planned to open in late summer 2020.
“Magellan Health is a perfect fit for the growing healthcare services corporate community at Frisco Station,” said Chris McCluskey, vice president of development at VanTrust Real Estate. “With the addition of Magellan Health, we will have 83,000-square-feet of The Offices Two leased to healthcare innovators.”
Frisco Station is an entrepreneurial community with modern amenities, flexible workspaces and a vibrant climate that attracts creative and talented minds. The Offices Two at Frisco Station is a mid-rise office tower with structured parking, a fitness center, conference center and tenant lounge. With Frisco Station being one of the first communities built from the ground up with 5G Evolution technology, The Offices Two gives its tenants access to robust communications and power infrastructure that includes dual-power feeds and multiple fiber optic option providers.
“The Offices Two is designed with groundbreaking technology that reduces latency and provides increased reliability,” said Craig Wilson, executive managing director with Cushman & Wakefield’s Tenant Representation Practice Group in Dallas. “With that technology, The Offices Two will be able to substantially support Magellan Health’s mission of delivering innovative and advanced ways of accessing better health.”
With the addition of Magellan Health, The Offices Two at Frisco Station is 75% leased, with 44,000-square-feet of leasable space remaining. The next addition to Frisco Station’s office district, The Offices Three at Frisco Station, is slated for completion in early 2021 and has begun pre-leasing.