Simpson Sturdy-Tie Inc. has signed a 38,372-square-foot lease at Granite Park Six in Plano, Texas. CBRE assisted the tenant within the negotiations, whereas proprietor Granite Properties had in-house illustration.
The structural engineering agency will occupy a flooring and a half on the 422,109-square-foot property, with the move-in scheduled for the fourth quarter. CBRE, along with OTJ Architects and normal contractor Pacific Builders, will oversee the tenant build-out.
This can be Simpson’s second North Texas location after its manufacturing facility in McKinney, some 15 miles northeast of Granite Park Six.
Dallas-Fort Price’s emptiness charge reached 23.8 p.c as of February—increased than the nationwide determine of 19.7 p.c—in response to a current CommercialEdge report. The index witnessed a 260-basis-point enhance over the 12 months.
A LEED Silver-certified workplace constructing
The longer term house of Simpson Sturdy-Tie got here on-line in 2023 at 5525 Granite Parkway. The 19-story tower is a part of the 90-acre Granite Park, a mixed-use campus that additionally consists of retail and hospitality areas. Facilities on the LEED Silver-certified high-rise embody a health studio, indoor buyer lounge, in addition to a 150-seat lecture corridor, three convention facilities and 35,000 sq. ft of prepared suites starting from 1,500 to five,500 sq. ft.
The tenant roster options Atlantic Aviation and Stonebriar Industrial Finance, amongst others, CommercialEdge info exhibits. At present, the high-rise is 58 p.c leased.
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Throughout the previous 5 months, Granite Properties has landed greater than 126,000 sq. ft of leases on the property. In one of many offers, Lockton dedicated to 52,961 sq. ft.
Positioned simply off Texas State Freeway 121, Granite Park Six is 25 miles north of downtown Dallas and a few 20 miles northeast of Dallas-Fort Price Worldwide Airport. The high-rise can also be close to the 1.7 million-square-foot Stonebriar Mall on the Bridges.
CBRE Govt Vice Presidents Doug Carignan and Ryan DeAngelis, along with First Vice President Christy Rhea, represented Simpson Sturdy-Tie within the transaction. Senior Director Robert Jimenez, Director Burson Holman and Supervisor Elizabeth Fortado led Granite’s in-house crew that labored on behalf of the possession.
