More Tenants Gravitate to Frisco Station
The Offices District has recorded considerable demand amid the COVID-19 pandemic, Chris McCluskey of VanTrust Real Estate says, and with the addition of MTX Group Inc., The Offices Two at Frisco Station is 90% leased.
DALLAS—MTX Group Inc. is one of the latest tenants to be added at The Offices Two at Frisco Station, a 210,000-square-foot class-A speculative office building, according to VanTrust Real Estate LLC, office developer at Frisco Station. With the addition of MTX Group Inc., The Offices Two at Frisco Station is 90% leased.
Located at the northwest quadrant of the Dallas North Tollway and Warren Parkway, the building is the second of five planned office buildings for the office district at Frisco Station, a 242-acre mixed-use development.
“Creating high-paying tech jobs in Texas is one of the top priorities,” said Das Nobel, founder and CEO of MTX Group. “Frisco Station brings us premier access to the North Texas workforce as well as everything the North Platinum Corridor has to offer.”
MTX Group, a digital transformation services company for the private, education and government sectors, will lease more than 20,000 square feet of office space at The Offices Two. MTX Group plans to move in in the first half of 2021.
“MTX Group plays a vital role in the state’s COVID-19 pandemic response,” said Chris McCluskey, vice president of development at VanTrust Real Estate. “The modern amenities and customizable space The Offices Two at Frisco Station provides allows the company to work and further their commitment to ending the pandemic safely.”
Frisco Station is home to a planned 5 million square feet of office space, which will eventually employ 15,000 business professionals. The Offices Two at Frisco Station, completed in early 2020, is a mid-rise office tower with structured parking, a fitness center, conference center and tenant lounge.
Beyond The Offices Two’s featured amenities, Frisco Station offers acres of a programmed park system that enables a flexible work environment. With AT&T’s 5G throughout, the green space reduces latency and provides high-speed connections and reliability, which is a rarity in outdoor environments. Building residents can safely utilize both indoor and outdoor workspaces, resulting in increased productivity.
Additionally, Frisco Station is adjacent to the Dallas Cowboys’ world headquarters and within walking distance to more than 50 retail, restaurant and entertainment options at The Star.
The next addition to Frisco Station’s office district, The Offices Three at Frisco Station, will offer 210,000 square feet of office space to the development and is slated for completion in April of 2021. It has already begun pre-leasing.
“The Offices District has seen considerable demand amid the COVID-19 pandemic,” McCluskey tells GlobeSt.com. “Companies like MTX Group are looking for the modern amenities and customizable space Frisco Station provides. With The Offices Two reaching 90% leased, MTX Group has tapped into Frisco Station’s unique, flexible work environment that will encourage productivity and advance its vital role in Texas.”
Dallas-Fort Worth is a leading metro in various rankings of office occupancy and return to workplaces. Asking rents remain unchanged in most properties on a direct basis, although some submarkets have recorded average rent movement due to sublease availability, according to a Transwestern report.