RELOCATION STATION: These sites in Frisco could land the next big HQ
In total, the following projects account for more than 27 million square feet of existing and future office space.
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 six 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 27 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.
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.
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.
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.
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.
Stonebrook Business Park
Three different opportunities exist at Stonebrook Business Park for a large corporate user. The second building within this four-building office park was expected to deliver later this year, but has since been put on hold. The building was being planned as four stories tall with 120,000 square feet of office space.
For a company looking for more room, two build-to-suit sites are also available, with room to accommodate 250,000 square feet in each building. The business park is being developed by Southern California-based Goveia Commercial Real Estate.
While it could be argued that Wade Park doesn’t deserve to be on this list, we’ve added it based on the future opportunities it could one day present to corporate users. That probably won’t happen anytime soon though.
First announced in 2014 and set to be part of Frisco’s “$5 Billion Mile,” the 175-acre mixed-use project was put on hold in 2017 and has remained a hole in the ground ever since. Last year, the project’s original developer Stan Thomas filed suit against Gamma Real Estate, its president, Jonathan Kalikow, and others for allegedly defrauding Thomas’s company out of the high-profile Frisco project. Dallas bankruptcy attorney Sid Scheinberg told the Business Journal last year that the case will likely take years to play out in court.
If the property does one day find a new owner, the site could become a significant corporate destination. The original plan for Wade Park called for up to 6 million square feet of office space.