Fairways Moves Frisco Square Office Leasing

FRISCO, TX-With a second office building about to deliver, Fairways Equities has held onto its long-time office leasing team by shifting the Frisco Square contract to Jones Lang LaSalle. The assignment covers existing and future space totaling 1.5 million sf of class A office.

The Dallas-based owner, an affiliate of Fairways Group Ltd., had the project in the hands of JLL senior vice presidents Jeff Eckert and James Esquivel when they were at Trammell Crow Co. and followed them to CB Richard Ellis. The team has carried the 61,393-sf first phase at 6136 Main St. to 98.7% occupancy and is deep in negotiations with several tenants for the 50,000-sf second phase at 6175 Main St., according to J. Dale Ray, JLL’s managing director and regional leasing director in Dallas.

“Activity’s been brisk,” Ray says. “We’re very encouraged by what we see for the near term.” Frisco Square’s second office building delivers in September. The quoted rate is $24.50 per sf plus electric.

Ray tells GlobeSt.com that the second building will open doors with Uptown’s Mattito’s as an anchor tenant in 6,750 sf of the 15,000 sf of street-level retail space. The deal was corralled by Dallas-based Retail Connection, which holds the assignment for Frisco Square’s 500,000-sf retail component.

“We are fortunate to have landed Mattito’s as a lead retail tenant,” Ray says. “We hope to have a lead office tenant in 60 days.”

The Fairways Group bought Frisco Square in early 2005 about five years after Five Star Development Co. of Dallas broke ground on the first wave of development. The project includes 1,400 apartments, city hall, library and heritage center, positioned across the street from Pizza Hut Park.