Executive Summary
Colliers International is pleased to exclusively offer to qualified investors the opportunity to purchase Tower at Frisco Square, located in Frisco, TX (Dallas MSA). This recently delivered, architecturally significant and efficiently designed office building is ideally located in the Frisco North Platinum Corridor, a dynamic north/south artery of the Dallas metro area and the Sun Belt, along the Dallas North Tollway.
Located at the southeast corner of Main Street and the Dallas North Tollway, Tower at Frisco Square enjoys a strong and thriving live/work/play environment complemented by the adjacent Frisco Square mixed-use development, the Frisco City Hall and directly across Main Street from Toyota Stadium, home to the FC Dallas major league soccer team.
Tower at Frisco Square features a diverse multi-tenant rent roll anchored by Gearbox Software headquarters, occupying 99,055 square feet, or 57% of the project through March 2026. The balance of tenancy includes diverse professional industries and staggered lease expirations providing long term investment stability with upside as leases expire. Additional upside is achieved by leasing vacant ground floor medical/retail, catering to office, residential and entertainment audiences of the surrounding area.
As the north Dallas area has continued its rapid expansion northward, Frisco has become the direct beneficiary with excellent housing options, award-winning public schools and the top choice for corporate relocations such as nearby JP Morgan Chase, Toyota, FedEx and Liberty Mutual.
Tower at Frisco Square, with its ground floor medical/retail options, 4.0/1,000 structured parking ratio, efficient +/- 30,000 SF floor plates, and thriving Frisco office submarket, provides a Core-Plus investment opportunity via immediate lease up of vacant medical/retail and office suites combined with mark-to-market potential as leases expire, currently 20 - 25% below market.
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Asset Profile
FRISCO, TEXAS 75034
5757 Main Street
Rentable Square Feet
174,147
Occupancy with tenant expansion
95%
ACRES
3.27
2015 Delivery
Frisco TX – Tollway
@ Main Street
5.6 Years - Weighted Average Remaining Lease Term
EXPIRING Below market rents
20-25%
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PROPERTY VIDEO Executive SUMMARY IN THE NEWS Investment Highlights Asset Profile Photo Gallery AREA SNAPSHOT Contact Us
Tower at Frisco Square
5757 main street
This has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). ©2019. All rights reserved.
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EXECUTIVE SUMMARY
No Near Term CapEx
Mechanicals Under Warranty
95,000 Jobs Added 2017-2018
Frisco City Hall, Eat/Shop/Play
5.6 Years - Weighted Average Remaining Lease Term
2015 Delivery
Gearbox Software 99,055 SF Long Lease Term 57% of the Project
1st Place in Job Growth
NNN Conversion Opportunity
frisco, texas 75034
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This has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). ©2019. All rights reserved.
Mark Meador
214 706 6046
mark.meador@colliers.com
214 706 6048
johanna.ramirez@colliers.com
949 724 5717
brian.corrigan@colliers.com
214 706 6047
cl.boyd@colliers.com
214 706 6029
creighton.stark@colliers.com
Johanna Ramirez
Brian Corrigan
Chris Boyd
Creighton Stark
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In The News
CONTACT US
Excellent Borderlands 3 makes waiting years for sequel worthwhile: review
(Daily News)
Frisco may no longer be the fastest growing city in the U.S., but it ranked first in this key metric in 2019
(Dallas Morning News)
California investor snaps up Frisco Square apartments
(Dallas Morning News)
Tech firms are moving to fill
DFW office space
(Dallas Morning News)
PGA of America is hurtling toward a June 2022 public opening for its ‘modern home of golf’ in Frisco
(Dallas Morning News)
PGA of America is hurtling toward a June 2022 public opening for its ‘modern home of golf’ in Frisco
(Dallas Morning News)