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Newsmakers CC: Frisco Station office building

🕐 8 min read

Frisco Station office building

VanTrust Real Estate is developing and building a 228,000-square-foot, Class A speculative multi-tenant office building, launching the first wave of development at the 242-acre mixed-use project located at the northwest quadrant of the Dallas North Tollway and Warren Parkway.

Construction on the seven-story, mid-rise office tower will begin in September 2016 and is slated for completion in August 2017. Building amenities will include structured parking, a fitness center, conference center and a robust communications and power infrastructure that includes dual power feeds and multiple fiber optic option providers. The building will also have direct access to Frisco Station’s planned entertainment district, which will be called The Hub and will also have walkable access to hike and bike trails, along with additional health and wellness options.

“We’re excited to announce that development is underway at Frisco Station,” said Geoff Meyer, executive vice president of development for VanTrust Real Estate. “The Frisco Station Partnership has worked diligently during the past year to create the perfect master plan, and this project brings the newest office tower to Frisco’s latest, burgeoning corridor along the Dallas North Tollway. Frisco Station represents a fresh approach to urban design that we believe will set the standard for office development in the corridor.”

Additional project partners include HKS Inc., which has been selected as the project architect for the building, and J.E. Dunn Construction, which will serve as the design-build contractor.

The property will be marketed and leased by the Dallas-Fort Worth office of Cushman & Wakefield, under the leadership of Ran Holman, who serves as managing principal and DFW market leader. The project is the first 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 1 million square feet for campus-style office. It is anticipated that nearly 15,000 people will have daytime employment at Frisco Station. The Frisco Station development surrounds the new Dallas Cowboys headquarters at The Star in Frisco, and is just north of significant office projects underway in Collin County, including Toyota’s new U.S. headquarters, Liberty Mutual and JP Morgan Chase, among others.

“Frisco Station is unlike any other development in this region because it is specifically designed to attract and nurture the nation’s top innovative brands and emerging talent,” said Mike Berry, president of Hillwood Properties, which is a member of the Frisco Station Partnership and the master developer of Frisco Station. “We are creating an environment that will help employees be productive by fostering social engagement, sparking creativity and encouraging healthy behaviors. Frisco Station will be a highly desired destination where the top thinkers and producers want to work, and where businesses come to thrive.”

A highlight of Frisco Station will be The Hub, the development’s 250,000-square-foot dining and entertainment district that is located in the center of Frisco Station. The Hub is being programmed with a unique mix of food, beverage and entertainment destinations integrated into a trail head and linear park system. Residents, office users and the surrounding communities will also be able to take advantage of Frisco Station’s linear park and trail system, which provides connectivity to the Frisco Station office, medical and urban living districts, in addition to Frisco regional hike and bike trail systems.

KBS Strategic Opportunity REIT, a non-traded real estate investment trust based in Newport Beach, California, has leased 8,373-square-foot of space at the Greeenway I office building to NeuroCare Outpatient Rehabilitation.

Greenway I’s amenities include a renovated lobby, corridors and restrooms, 24/7 on-campus security, and in-place fiber optics for increased Internet speed.

“We believe Greenway I is one of the best-value office properties in the heart of the technology and telecom sector,” said David Moore, senior vice president at KBS. “We are excited to have NeuroCare as a tenant and pleased that they have chosen the property for its new office.”

NeuroCare Outpatient Rehabilitation is a division of NeuroCare Rehab Hospitals LLC. This new health care venture works to rehabilitate individuals recovering from a stroke, brain injury, or who are dealing with the challenges of a neurodegenerative disorder such as Parkinson’s or Multiple Sclerosis.

Laura Maczka and Mark Jordan of Sooner Management represented KBS Strategic Opportunity REIT, and Michael Collins of MedCore Partners represented NeuroCare Outpatient Rehabilitation in the transaction.

www.kbs.com.

Rockleigh campus

Rockleigh, New Jersey-based Crestron Electronics announced April 10 it will expand with a new campus in Plano, occupying the Legacy Tower.

Slated for completion in July 2016, the campus with bring hundreds of new job opportunities to Plano to attract talent in areas such as R&D, customer support, engineering, manufacturing and IT support.

Crestron is one of the world’s leading innovators in building and home automation technology.

“We are dedicated to going above and beyond to meet the needs of our rapidly growing customer base,” said Randy Klein, Crestron CEO. “This expansion will help us address the increased demand for our solutions and better serve our customers and partners in the region.”

Expanding within the Texas market is logical, according to Steve Rosa, vice president of human resources at Crestron. “We are utilizing Plano’s reputation for having both excellent technical resources and being consistently rated one of the best places to work. As big as we’ve gotten, with more than 90 locations in more than 35 countries, Crestron still feels to me like that small company that cares. We involve every employee in our success and we have a real sense of pride in our products.”

The new Crestron campus, located in the Legacy Tower and leased by CBRE, is being developed by the Trammell Crow Company and Principal Financial Group.

www.crestron.com

Leases

Performance Awards Center Inc. has renewed its lease for 52,468 square feet at 1701 Vantage Drive in Carrollton. Kacy Jones of CBRE-Dallas and Forshey Hoobler of JLL represented the tenant. Colfin Cobalt I-Ii Owner LLC represented the landlord, Ken Wesson of Lee and Associates.

Ted Ventures LLC has leased 2,395 square feet at 9 Medical Way in Farmers Branch. Kelley Ahrens of CBRE-Dallas represented the landlord.

Dallas Medical Center LLC has leased 2,395 square feet at 9 Medical Parkway in Farmers Branch. Kelley Ahrens of CBRE-Dallas represented the landlord.

Tristar Producer Services of Texas LP has renewed its lease for 9,475 square feet at 300 North Coit Road in Richardson. Chris Herrmann and Harlan Davis of CBRE-Dallas represented the tenant, with Jeff Schweitzer of Stream Realty representing the landlord, Klabzuba Partners-Promenade Ltd.

Ergonomic Group Inc. has leased 3,446 square feet at 6900 N. Dallas Parkway in Plano. Celeste Fowden, Seth Thatcher and Dennis Barnes of CBRE-Dallas represented the landlord, Kbs Iii Legacy Town Center LLC.

Agile Premier LLC has leased 2,198 square feet at 13355 Noel Road in Dallas. Bret Hefton of Avison Young represented the tenant, with Celeste Fowden, Shannon Brown and Kenzie Killgore of CBRE-Dallas representing the landlord, Spus7 Galleria LP.

Palmer & Manuel LLP has leased 9,006 square feet of office space in Campbell Centre North Tower at 8350 N. Central Expressway in Dallas. Cribb Altman, Robbie Baty and Bill McClung of Cushman & Wakefield represented Palmer & Manuel LLP.

Jordan & Scala Engineers Inc. has renewed and expanded its lease for 2,885 square feet of office space in Briargrove Place at 17855 N. Dallas Parkway in Dallas. Emily Hoffman of Cushman & Wakefield represented Jordan & Scala Engineers Inc.

Aperia has leased 6,463 square feet of office space in The Belvedere at 14881 Quorum Drive in Addison. Al Paniagua and Chris Mims of Swearingen represented the tenant, with Clint Madison and Layne Mayfield of Cushman & Wakefield representing the tenant.

Caddis Partners LLC has leased 2,500 square feet at 5910 N. Central Expressway in Dallas. Celeste Fowden of CBRE-Dallas represented the tenant, with Dennis Barnes and Clay Gilbert of CBRE representing the landlord, Cpus Premier Place LP.

Brightstar Wireless Inc. has leased 2,253 square feet at 6404 Gaston Ave. in Dallas. Michael Meaden of CBRE-Dallas represented the tenant, with David Lewis of Lincoln Property Co. representing the landlord, 1924 Abrams Ltd.

Reprom Inc. has renewed its lease for 6,734 square feet of office space at 15150 Preston Road in Dallas. Melanie Hughes and Bret Cooper of Bradford Commercial Real Estate Services and Sharon Friedberg, a former senior vice president with the firm, represented the landlord, ARI Preston LLC.

SDB Inc. has renewed its lease for 3,797 square feet of office space in Forum at Beltline, 4002 Belt Line Road in Dallas. Melanie Hughes and Bret Cooper of Bradford Commercial Real Estate Services, and Sharon Friedberg, a former senior vice president with the firm, represented the landlord, ARI Preston LLC.

Dr. Dianne M. Thomson has renewed her lease for 1,782 square feet of office space in Danari Office Park, building 3, at 6029 Belt Line Road in Dallas. Melanie Hughes and Bret Cooper of Bradford Commercial Real Estate Services and Sharon Friedberg, formerly a senior vice president with the firm, represented the landlord, ARI Preston LLC. Jimmy Palasota of Palasota Property Co. represented the tenant.

Accelerate Resources LLC has leased 5,806 square feet of office space in Sterling Plaza, 5949 Sherry Lane in Dallas. Preston Knowlton of Cushman & Wakefield represented the tenant.

Gerald L. Ray has renewed his lease for 11,516 square feet of office space at Fountain Place, 1445 Ross Avenue in Dallas. Bruce Hecht of Swearingen represented the tenant, with Johnny Johnson and Lauren Napper of Cushman & Wakefield representing the landlord, Goddard Investments.

Palmer Distribution Services Inc. has renewed its lease for 52,812 square feet at 2710 Regency Drive in Grand Prairie. Baron Aldrine and Mike Cleary of CBRE represented the tenant, with Kacy Jones and Steve Koldyke of CBRE-Dallas representing the landlord.

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