Tech Sector Job Growth Boosts Office Stats

An affiliate of Maxus Realty Trust Inc. acquired a large portion of Frisco Square.

FRISCO, TX—Buoyed by double-digit tech-sector employment growth, Dallas-Fort Worth is among the top markets for growth in both acquisitions and leases. Investors and tenants alike have chosen the metro for its widespread appeal to employees and residents.

A recent example of the investment popularity of the area is the sale of a large portion of Frisco Square, including three office buildings and two multifamily buildings, all with ground-floor retail, a Cinemark Theatre and additional land development sites. Located within a pedestrian-friendly urban mixed-use development, the offering includes more than 213,000 square feet of class-A office and retail space along with 144 class-A multifamily units. The master-planned development will encompass as much as 4.4 million square feet of office, retail, multifamily and municipal facilities in an area of 147 acres.