JLL Tapped to Lease North Dallas Office Development

The new office park, to be constructed over multiple phases, will include 480,000 square feet of office space, 50,000 square feet of retail and a hotel.

Stonebrook Business Park in Frisco, Texas
Stonebrook Business Park in Frisco, Texas

Goveia Commercial Real Estate has selected JLL to market Stonebrook Business Park, a speculative Class A office development in Frisco, Texas, to potential tenants. Chris Doggett and Ashley Curry will head up the leasing efforts for the first phase of the project, a three-story, 90,000-square-foot office building. General contractor Hill & Wilkinson began construction work on the initial phase in the first half of 2016. The project was financed by an $8 million construction loan issued by IBC Bank, according to Yardi Matrix. Future phases of construction will add 390,000 square feet of office, 50,000 square feet of retail and a hotel to the site.

Located west of the Dallas North Tollway and Stonebrook Parkway intersection, the 20-acre development site is situated approximately 25 miles north of downtown Dallas. The park will sit within a few miles of major office assets, including the Dallas Cowboys’ new headquarters. A wide range of shopping and dining options are nearby, and the property’s tenants will have exclusive use of structured on-site parking.

“Stonebrook Business Park is set to deliver a high-end, cutting-edge office experience within one of the most active markets in the nation,” said Doggett, senior vice president with JLL, in a prepared statement. “Tenant demand is at an all-time high in North Texas, particularly in Far North Dallas, thanks in part to the level of interest from corporate users seeking a value office option. With abundant amenities nearby, great accessibility and visibility, Stonebrook Business Park will be ready to welcome the next wave of tenants to Frisco.”

Image courtesy of JLL