By Scott Baltic, Contributing Editor
In a milestone for a major master-planned community, Barclays Bank has taken 40,000 square feet of Class A space for its U.S. technology center at Craig Ranch in McKinney, Texas, city officials announced Friday. Craig Ranch is a 2,200-acre master-planned business, retail and residential development.
The 10-year lease is the first to be signed for the 140-acre McKinney Corporate Center (pictured at right), which has a planned build-out of up to 2 million square feet, Demian Salmon, director of commercial development for Craig Ranch, told Commercial Property Executive. Barclays’ facility will be located in the three-story, 120,000-square-foot McKinney Corporate Center 1, the office park’s first building.
Located at 6800 Weiskopf Ave., McKinney Corporate Center 1 was developed by VanTrust Real Estate L.L.C. of Kansas City, Mo. Craig Ranch is currently negotiating with other developers and owners regarding further projects there, Salmon added.
JLL’s Russell Cosby, executive vice president, and Andy Leatherman, vice president, represented Barclays in the transaction, a JLL spokesperson told CPE.