Granite Properties Tops Out DFW Office Building – Commercial Property Executive

Granite Properties has topped out Granite Place II at Southlake City Sq., a 143,500-square-foot workplace constructing in Southlake, Texas. The five-story, Class AA property at 601 State St. is rising adjoining to the 100% occupied Granite Place I, the primary section of the venture.

In June, the developer secured $39 million in development financing for the second stage of Granite Place, offered by Financial institution OZK. N5B Capital, the three way partnership fairness companion for Granite Place II, is planning to relocate its headquarters to the constructing.

Corgan is in command of the design, whereas DPR Building is the overall contractor. Building commenced in Could 2022 and is anticipated to ship within the first quarter of 2023.

Offering the Class AA expertise

Facilities of the second section will embody an out of doors assembly house, health middle, meals service, touch-free entries and fixtures in restrooms, floor-to-ceiling home windows and lined parking. The constructing is deliberate to realize LEED and Fitwel certifications. Granite Place II will even comprise move-in prepared workplace areas, averaging between 1,900 and three,300 sq. ft, designed for short-term leases.

Located at Southlake City Sq., in proximity of Hilton Dallas resort and EVO Leisure, the property is adjoining to State Freeway 114, near a number of retail and eating choices and roughly 8 miles from DFW Worldwide Airport. Granite Place I got here on-line in 2017 at 550 Reserve St. and has a tenant roster that features Wells Fargo Advisors, Baker Avenue Wealth Administration and OS Nationwide, in keeping with CommercialEdge.

Granites’ in-house leasing crew shaped of Senior Director of Company Leasing Robert Jimenez and Leasing Managers Burson Holaman and Elizabeth Fortado are in command of advertising and marketing Granite Place II.