{"id":1004560327,"date":"2021-12-09T05:05:00","date_gmt":"2021-12-09T13:05:00","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004560327"},"modified":"2022-12-07T20:37:34","modified_gmt":"2022-12-08T04:37:34","slug":"dfw-tower-gets-underway-with-big-prelease","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/dfw-tower-gets-underway-with-big-prelease\/","title":{"rendered":"DFW Tower Gets Underway With Big Prelease"},"content":{"rendered":"\n<div class=\"wp-block-jetpack-slideshow aligncenter\" data-autoplay=\"true\" data-delay=\"3\" data-effect=\"slide\"><div class=\"wp-block-jetpack-slideshow_container swiper-container\"><ul class=\"wp-block-jetpack-slideshow_swiper-wrapper swiper-wrapper\"><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"1000\" height=\"600\" alt=\"Lecture hall at Granite Park Six\" class=\"wp-block-jetpack-slideshow_image wp-image-1004560393\" data-id=\"1004560393\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/12\/Granite-Park-Six-interior.jpg?w=696\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/12\/Granite-Park-Six-interior.jpg 1000w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/12\/Granite-Park-Six-interior.jpg?resize=300,180 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/12\/Granite-Park-Six-interior.jpg?resize=768,461 768w\" sizes=\"(max-width: 1000px) 100vw, 1000px\" \/><figcaption class=\"wp-block-jetpack-slideshow_caption gallery-caption\">Lecture hall at Granite Park Six. Image courtesy of Granite Properties<\/figcaption><\/figure><\/li><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"1100\" height=\"660\" alt=\"Granite Park Six lounge\" class=\"wp-block-jetpack-slideshow_image wp-image-1004560395\" data-id=\"1004560395\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/12\/Granite-Park-Six-Lounge.jpg?w=696\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/12\/Granite-Park-Six-Lounge.jpg 1100w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/12\/Granite-Park-Six-Lounge.jpg?resize=300,180 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/12\/Granite-Park-Six-Lounge.jpg?resize=768,461 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/12\/Granite-Park-Six-Lounge.jpg?resize=1024,614 1024w\" sizes=\"(max-width: 1100px) 100vw, 1100px\" \/><figcaption class=\"wp-block-jetpack-slideshow_caption gallery-caption\">Granite Park Six lounge. Image courtesy of Granite Properties<\/figcaption><\/figure><\/li><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"1100\" height=\"575\" alt=\"Granite Park Six terrace\" class=\"wp-block-jetpack-slideshow_image wp-image-1004560396\" data-id=\"1004560396\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/12\/Granite-Park-Six-terrace.jpg?w=696\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/12\/Granite-Park-Six-terrace.jpg 1100w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/12\/Granite-Park-Six-terrace.jpg?resize=300,157 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/12\/Granite-Park-Six-terrace.jpg?resize=768,401 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/12\/Granite-Park-Six-terrace.jpg?resize=1024,535 1024w\" sizes=\"(max-width: 1100px) 100vw, 1100px\" \/><figcaption class=\"wp-block-jetpack-slideshow_caption gallery-caption\">Granite Park Six terrace. Image courtesy of Granite Properties<\/figcaption><\/figure><\/li><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"1100\" height=\"574\" alt=\"Granite Park Six terrace\" class=\"wp-block-jetpack-slideshow_image wp-image-1004560397\" data-id=\"1004560397\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/12\/Granite-Park-Six-terrace..jpg?w=696\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/12\/Granite-Park-Six-terrace..jpg 1100w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/12\/Granite-Park-Six-terrace..jpg?resize=300,157 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/12\/Granite-Park-Six-terrace..jpg?resize=768,401 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/12\/Granite-Park-Six-terrace..jpg?resize=1024,534 1024w\" sizes=\"(max-width: 1100px) 100vw, 1100px\" \/><figcaption class=\"wp-block-jetpack-slideshow_caption gallery-caption\">Granite Park Six terrace. Image courtesy of Granite Properties<\/figcaption><\/figure><\/li><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"1100\" height=\"575\" alt=\"Granite Park Six terrace\" class=\"wp-block-jetpack-slideshow_image wp-image-1004560398\" data-id=\"1004560398\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/12\/Granite-Park-Six-terrace...jpg?w=696\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/12\/Granite-Park-Six-terrace...jpg 1100w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/12\/Granite-Park-Six-terrace...jpg?resize=300,157 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/12\/Granite-Park-Six-terrace...jpg?resize=768,401 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/12\/Granite-Park-Six-terrace...jpg?resize=1024,535 1024w\" sizes=\"(max-width: 1100px) 100vw, 1100px\" \/><figcaption class=\"wp-block-jetpack-slideshow_caption gallery-caption\">Granite Park Six terrace. Image courtesy of Granite Properties<\/figcaption><\/figure><\/li><li class=\"wp-block-jetpack-slideshow_slide swiper-slide\"><figure><img loading=\"lazy\" decoding=\"async\" width=\"600\" height=\"800\" alt=\"Granite Park Six\" class=\"wp-block-jetpack-slideshow_image wp-image-1004560399\" data-id=\"1004560399\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/12\/Granite-Park-Six.jpg?w=600\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/12\/Granite-Park-Six.jpg 600w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/12\/Granite-Park-Six.jpg?resize=225,300 225w\" sizes=\"(max-width: 600px) 100vw, 600px\" \/><figcaption class=\"wp-block-jetpack-slideshow_caption gallery-caption\">Granite Park Six. Image courtesy of Granite Properties<\/figcaption><\/figure><\/li><\/ul><a class=\"wp-block-jetpack-slideshow_button-prev swiper-button-prev swiper-button-white\" role=\"button\"><\/a><a class=\"wp-block-jetpack-slideshow_button-next swiper-button-next swiper-button-white\" role=\"button\"><\/a><a aria-label=\"Pause Slideshow\" class=\"wp-block-jetpack-slideshow_button-pause\" role=\"button\"><\/a><div class=\"wp-block-jetpack-slideshow_pagination swiper-pagination swiper-pagination-white\"><\/div><\/div><\/div>\n\n\n<p>Granite Properties has begun construction on Granite Park Six, a 19-story, 420,000-square-foot Class AA office building in Granite Park, a 90-acre mixed-use development in Plano, Texas.<\/p>\n<p>In tandem with that, Granite has nailed down a prelease with Stonebriar Commercial Finance for two floors, totaling 52,000 square feet, at Granite Park Six. Stonebriar is a privately owned commercial finance and leasing company, which already has its headquarters offices at Granite Park Three.<\/p>\n<p>Stonebriar was represented by Tyler Thomas and Scott Morse of Citadel Partners, and Granite was represented in-house by Robert Jimenez, senior director of leasing, and Burson Holman.<\/p>\n<hr>\n<p><strong>READ ALSO<\/strong>: <a href=\"https:\/\/www.commercialsearch.com\/news\/how-office-reits-are-signaling-better-days-ahead\/\">How Office REITs Are Signaling Better Days Ahead<\/a><\/p>\n<hr>\n<p>Designed by BOKA Powell, with interiors by HKS Architects, Granite Park Six will be the tallest building in Granite Park and both LEED and Fitwel certified. Austin Commercial is the general contractor.<\/p>\n<p>The building will be delivered in June 2023.<\/p>\n<p>Its amenities, which will be accessible to all Granite Park customers, will include outdoor green space at the sixth-floor amenity terrace, a fitness studio with group classes, an indoor customer lounge, a golf simulator and a 400-seat lecture hall at the mezzanine level. A ground-level market caf\u00e9 will provide breakfasts, lunches and take-home meals.<\/p>\n<p>Wellness features include the clean air technology Needlepoint Bipolar Ionization in the HVAC system; a touchless path from the building\u2019s six-level parking garage to the offices, as well as touch-free entry doors and touch-free fixtures in restrooms; and a destination dispatch elevator system that office workers can control with their smartphones.<\/p>\n<h2>Stabilizing, but \u2026<\/h2>\n<p>A year ago in October, <a href=\"https:\/\/www.commercialsearch.com\/news\/terracap-buys-suburban-dallas-office-park\/\">TerraCap Management acquired Plano Office Center<\/a>, a two-building, 199,000-square-foot office asset in Plano. The acquisition was financed with a $28 million loan from Prime Finance.<\/p>\n<p>Last December, <a href=\"https:\/\/www.commercialsearch.com\/news\/peloton-expands-footprint-at-dfw-campus\/\">Peloton leased 103,750 square feet<\/a> at Legacy Central in Plano, an expansion from 27,518 square feet. CBRE represented Peloton on the lease, while Transwestern represented the landlord, Regent Properties.<\/p>\n<p>Strong leasing is helping the Dallas\u2013Fort Worth office market to stabilize, although sublease vacancy is up and rental rates across the metro have flattened, according to a third-quarter report from Newmark.<\/p>\n<p>The Richardson\/Plano submarket has seen its average vacancy edge up year-over-year, from 17.2 percent in the third quarter of 2020, to 18.2 percent now. The total availability is 21.2 percent, on an inventory of about 38.4 million square feet. Year-to-date absorption has been slightly negative, by about one-third of a million square feet, again according to Newmark.<\/p>","protected":false},"excerpt":{"rendered":"<p>Granite Properties has started construction on the latest office building in its mixed-use project in Plano, Texas.<\/p>\n","protected":false},"author":882,"featured_media":1004560335,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,1586,21782,21808,22251,21742,21747],"tags":[34786,34769,35877,34927,50999],"class_list":["post-1004560327","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-dallas","category-development","category-featured","category-in-focus","category-latest","category-office","tag-austin-commercial","tag-boka-powell","tag-granite-properties","tag-hks","tag-newmark"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>DFW Tower Gets Underway With Big Prelease - Commercial Property Executive<\/title>\n<meta name=\"description\" content=\"Granite Properties has started construction on the latest office building in its mixed-use project in Plano, Texas. 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