Dallas-based real estate developer Trammell Crow Company is the latest firm to sign on to the 160-acre Fields West development.
Located within the broader 2,500-acre master-planned Fields development in Frisco, Fields West’s ownership includes Karahan Companies, Hunt Realty Investments, Chief Partners and Crosstie Capital.
Trammell Crow Company, a wholly owned subsidiary of Dallas commercial real estate services and investment company CBRE Group, Inc., will execute office development opportunities — both build-to-suit and speculative — across 47 acres expected to hold as much as 2.8 million square feet of commercial space.
“TCC is thrilled to plant a flag in Frisco, and we believe that there is no better place to do so than at Fields,” said Adam Saphier, Trammell Crow Company’s president, Texas. “Our team is ready to build off the momentum that the ownership group is already creating. With the flight to quality trends that DFW has experienced, we expect to see tenants continue to narrow their search to thriving, mixed-use areas that provide a live/work/play environment.”
Fields West is located at Dallas North Tollway and Panther Creek Parkway. Its first phase, set to break ground this summer, will span 365,000 square feet of open-air retail, restaurant and entertainment space, 1,200 residences, 375 hotel rooms and 325,000 square feet of office space.
“We have worked hard to make Fields the ‘center of the universe’ in North Texas for corporate users, creating a range of residential options as well as the walkable retail and restaurant offerings we will bring with Fields West,” said Fehmi Karahan, lead development partner for Fields West and the larger Fields master-planned project.
The $10 billion Fields development is already home to PGA of America’s new headquarters and will eventually house a Universal Kids Resort, which is now under construction.
