For the 43 companies currently eyeing an expansion or relocation to Frisco, more than 200,000 square feet of new office space has recently been delivered and is ready to lease. Another Frisco office building was also recently delivered and will help support the growth of an existing company in the area.
Elsewhere in North Texas, more projects are being planned. They include a medical office building in McKinney and a first-of-its-kind office building in Fort Worth. The following is a rundown of these latest projects.
Frisco Station's newest office building delivers
VanTrust Real Estate has officially completed the six-story, 210,000-square-foot Offices Three at Frisco Station. Building amenities include structured parking, a fitness center, conference center and tenant lounge. Slowed by the arrival of COVID-19, the building was speculative and currently has no tenants. Cushman & Wakefield are marketing and leasing the property. This is the third speculative office building VanTrust has built at Frisco Station. Its last project, Offices Two, is currently 96 percent leased and is being listed for sale.
Local company completes new office campus
Careington International Corp., a leading provider of discount health benefits, has completed construction of its new 75,000-square-foot corporate campus in Frisco. Located at 6435 Flyers Way, the new campus was developed to address the expansion and growth of Careington and its telemedicine affiliate DialCare. It will house several teams, including a U.S.-based customer service call center, high performance sales unit and several other departments. The company's headquarters will remain at 7400 Gaylord Parkway, also in Frisco.
Founded in 1979, Careington has grown to nearly 500 employees. The company partnered with Buckman Partnership, LTD., Merriman Anderson Architects, Kimley-Horn, First Citizens Bank and MYCON General Contractors on the new development.
Medical office building planned in McKinney
Chicago-based Remedy Medical Properties is planning a three-story, 60,000-square-foot medical office building in McKinney. Considered phase two of The Medical Center at Craig Ranch, the building has been designed by Smith Group and will be located at the corner of the Sam Rayburn Tollway and Weiskopf Avenue. Chris Lipscomb and Laney Underwood of Transwestern are preleasing the project.
San Antonio-based bank to anchor Fort Worth office project
Having secured Vantage Bank Texas as its anchor tenant, a local partnership will soon break ground on the six-story, 30,000-square-foot Triune Centre. Located along West Freeway, the project is being developed by Cornerstone Projects Group and Trident Structures. It is set to be the first office development in the U.S. to include an automated valet parking system. The project will break ground later this quarter and deliver by summer 2022.
Vantage Bank is leasing 15,000 square feet at the new building. Cullen Donohue, Seth Koschak, Chris Doggett and Vic Meyer of Stream Realty Partners represented the landlord while Theron Bryant with Transwestern represented the tenant in the transaction.