TCC Joins Partnership to Pursue Office Development Opportunities on 47-Acre Site in Frisco

Trammell Crow Company (TCC), a global real estate developer, has entered into a partnership agreement with the ownership group of Karahan Companies, Hunt Realty Investments, Chief Partners, and Crosstie Capital to execute office development opportunities on a 47-acre site in Frisco, Texas. TCC was selected to source build-to-suit and speculative office development opportunities on a site that can accommodate more than 2.8 million square feet of commercial space. Fronting the Dallas North Tollway, the site is part of the 160-acre Fields West mixed-use development, the first phase of which will break ground this summer and include 365,000 square feet of open-air retail, restaurant, and entertainment space; 1,200 residences; 375 hotel rooms; and 325,000 square feet of office space.

“Our Dallas-Fort Worth team is energized to play a part in the expansion of the impressive Fields development in Frisco. The Fields ownership group is known for excellence in everything they do. During the last 15 years, TCC has developed six office build-to-suits, two speculative office developments, and one multifamily tower adjacent to mixed-use developments led by Karahan Companies. This partnership looks to extend this successful development relationship by developing Class AA office buildings on a site that is in business-friendly Frisco, with superb access from the Dallas North Tollway, and walkable to the world-class amenities that the Karahan Companies will develop at Fields West,” said Kevin Brooke, who leads TCC’s office development team in North Texas.

Fehmi Karahan, lead development partner for both Fields West and the larger Fields master-planned project, expressed his confidence in the TCC team: “We have worked hard to make Fields the ‘center of the universe’ in North Texas for corporate users, creating a range of residential options as well as the walkable retail and restaurant offerings we will bring with Fields West. This carefully curated mix of amenities and TCC’s best-in-class office products will help the team attract top office prospects to our world class community.”

Frisco Mayor Jeff Cheney echoed Karahan’s confidence, noting, “Getting TCC to bring its exceptional skills and legendary history to Frisco validates our city as one of the best places for new business in North Texas. No city in the region can offer the same bundle of entertainment, sports, residential and family-friendly opportunities that we offer here in Frisco. TCC knows that it can captivate great corporate users with the special offerings Frisco provides.”

“TCC is thrilled to plant a flag in Frisco, and we believe that there is no better place to do so than at Fields,” added Adam Saphier, President, Texas for TCC. “Our team is ready to build off the momentum that the ownership group is already creating. With the flight to quality trends that DFW has experienced, we expect to see tenants continue to narrow their search to thriving, mixed-use areas that provide a live/work/play environment. Fields West is suited to fit the bill, as we expect that the community will become one of the best destination spots in North Texas upon completion.”

Fields West is part of the massive Fields master-planned community, which spans 2,500 acres in Frisco, Texas. The development is already home to PGA of America’s new headquarters, two 18-hole championship golf courses, a 550-room Omni Resort, and neighbor of UNT Frisco. Plans call for an additional seven hotels, an under-construction Universal Studios Kids Park, 25 miles of biking and hiking trails, and 250 acres of open space parks.