By Ryan Salchert – Staff Writer, Dallas Business Journal
In total, the following projects account for more than 27 million square feet of existing and future office space.
As Relocation Station rolls on, we’ve come to another scorching suburban market, Frisco.
The city remains one of the hottest in North Texas for new homes and apartments, but is also getting a lot of attention from corporate office users. Numerous relocations and headquarters moves have already happened in Frisco over the last few years, including Keurig Dr Pepper, PGA of America, Metro by T-Mobile and Addus HomeCare Corp. just to name a few, and local real estate professionals say more firms are eyeing moves to the area.
For these prospective companies, the Business Journal has identified four existing buildings, one under construction project and eight proposed projects in Frisco that could be perfect for the next big relocation or headquarters move. In total, the following projects account for more than 32 million square feet of existing and future office space.
To determine these opportunities, the Business Journal has relied on previous reporting, conversations with local stakeholders, and help from CoStar. The following opportunities include buildings and projects that could accommodate a square footage requirement of at least 50,000 square feet contiguously. Some users could be looking for less than 50,000 square feet, but we’ve chosen the number simply as a base.
Fields
Perhaps the largest planned development in the entire Metroplex, the Fields development in northern Frisco would span 2,544 acres and will include single-family, multifamily, office, retail, education and recreation space. The development is being led by Hunt Realty Investments and The Karahan Companies, with other project partners including KDC, Republic Property Group, Chief Partners LP and CrossTie Capital Ltd.
Of the $10 billion development’s planned features are 18 million square feet of proposed office space, available in both urban mixed-use settings and as corporate campuses. With so much work still to come on this project, the development truly presents a blank canvas for any size company looking for a new home in North Texas. The Fields development has already attracted one notable headquarters move, the PGA of America, which will relocate from Florida next year.
Offices Three at Frisco Station
Delivering later this month will be The Offices Three at Frisco Station, a six-story, 210,000-square-foot office building by VanTrust Real Estate. Located at 844 John Hickman Parkway, the property features an on-site fitness center, tenant lounge, shared conference room, grab-and-go fresh vending, and structured parking. The building is fully available for lease, with Cushman & Wakefield marketing the property.
Future phases at Frisco Station
Besides the three office buildings that already exist, Frisco Station has room to accommodate another 4 million square feet of potential office development. These future phases could include more speculative office buildings, build-to-suit office towers and even a 54.65-acre office campus, perfect for a company of any size requirement.
Hall Park expansion
In late 2020, plans were revealed for a major expansion to Frisco’s 162-acre Hall Park. The additions would include 10 new towers, retail, a public park and a performing arts center. The expansion would bring 1.7 million square feet of additional office space to the area. Being led by Hall Group, no timeline has been given for the start of the project.
Duke Bridges II
At 7624 Warren Parkway, Conifer Health Solutions is offering 125,900 square feet of its headquarters for sublease. With a lease term that expires at the end of January 2030, this plug-and-play opportunity could be perfect for a large company with an immediate office requirement. JLL is marketing the sublease.
The Gate
This $1 billion, 41-acre mixed-use project is being led by Dubai-based Invest Group Overseas. Along with plans for retail, apartments and a hotel, a portion of the development fronting the Dallas North Tollway has been reserved for three office towers, totaling nearly 1 million square feet. JLL is marketing the proposed office space
Tate + Toll
Cawley Partners is looking to build a two-building office campus at the southeast corner of Warren Parkway and the Dallas North Tollway. Each building will stand 12 stories tall and will offer at least 300,000 square feet of office space. Designed by BOKA Powell, the buildings will deliver in phases and will offer a full suite of amenities, including a fitness center, conference center, rooftop lounge, and food service. Cawley Partners is preleasing the project itself.
3800 Gaylord Parkway
At The Star’s recently built Baylor Scott & White Sports Therapy building, some 54,046 square feet of medical office space is available contiguously between the 10th and 11th floors. An additional 41,802 square feet are available between the 6th and 7th floors. Lincoln Harris Healthcare Group is leasing the building.
Phase IV
Next door to 3800 Gaylord Parkway, Jerry Jones’ Blue Star Land Co. wants to build an 11-story office tower. The project is still in its planning stages, but will likely feature between 300,000 and 325,000 square feet of office space. HKS has designed the project.
3000 Internet Blvd. & 3011 Internet Blvd
At least two existing properties within Hall Park could be suitable for a large relocation or headquarters move. The largest is 3011 Internet Boulevard. Within the property, some 97,823 square feet is currently available, according to CoStar. At 3000 Internet Blvd., some 86,748 square feet is currently available. Hall Group is leasing both buildings.
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