FRISCO APPROVES NEW OFFICE PROJECT

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FRISCO APPROVES NEW OFFICE PROJECT
Frisco City Council has given the go-ahead for a
new corporate office building at the Dallas
Cowboys Star development. The 300,000-square-foot
building will house an unidentified company
office moving to Frisco. Real estate brokers
tracking the deal say the new office project will
house offices for Keurig Dr Pepper, which are now
in Plano. Right now, the estimated value on that
building will be approximately 190 million and
they are looking at additional business personal
properties of about 40 million.
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Friscos council voted unanimously to sell the
property it owns overlooking the Cowboys
practice field to football team owner Jerry
Jones Blue Star Land. Blue Star Land plans to
start work on the office project by no later than
August and would finish the building in 2021. The
city agreed to sell the building site for just
under 600,000 the amount the city originally
invested in the land, which is now used for a
parking lot. The price is a discount to the
propertys current appraised value of more than
2.7 million. Frisco Mayor Jeff Cheney said the
new building will bring business to the city.
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The first office building in the Star is almost
fully leased to companies including FM Global,
Bank of America, Plains Capital Bank and RBC
Wealth Management. This project now allows us to
expand that brand further to an even larger
office building and the demand is out there for
companies that want to be at the Star. The office
building construction would also include
additional parking for the Star. Dr Pepper moved
its headquarters from Dallas to Planos Legacy
business park in 1998. The beverage company,
which was acquired by Keurig for more than 21
billion last year, has its offices on Legacy
Drive just east of Dallas North Tollway.
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Real estate brokers say that Dr Pepper
representatives looked at potential office
locations in Frisco and other nearby cities
before deciding on the Star. Frisco has been
aggressively luring business from Plano and other
northern suburbs with economic development
incentives. Plano Mayor Harry LaRosiliere said
his city has attracted 48 companies in the last
two years that have added more than 9,000 jobs.
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Plano has been the benefactor of corporate
locations from other markets and communities.
While we always strive to retain all of our
businesses in Plano, its not realistic to think
every company that sets up shop, relocates or
expands in Plano will stay here indefinitely. Dr
Pepper has visible ties to Frisco. The beverage
company is the sponsor for the Dr Pepper
Ballpark, a minor league baseball stadium thats
part of Friscos sports and entertainment
district on Gaylord Parkway near Stonebriar
Centre mall. It also previously held naming
rights to a nearby hockey and ice skating arena.
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CONTACT INFORMATION
J2 Commercial Development 11625 S Custer Rd,
Frisco, TX 75035 Email ID info_at_j2commercialdevel
opment.com Phone No 1 972-984-7555 Website
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