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Frisco Square

Frisco Square

Property Name:Frisco Square
Location: Frisco, Texas
Description:

Frisco Square provides the opportunity to invest in a mixed-use development located in one of the fastest growing cities in Texas. Behringer Harvard has acquired and will develop a significant portion of this asset through a joint venture, which will expand its strategic presence in the Dallas/Fort Worth Metroplex.

Frisco Square is a 147-acre master-planned development with existing retail, multifamily, restaurants, office, hospitality, and municipal facilities. In a joint venture with Fairway Equities, Behringer Harvard will acquire and develop an approximate 48-acre parcel.

This 48-acre parcel includes a pre-existing 43,500-square-foot office complex, 114 multifamily units, and 57,000 square feet of retail and restaurant space. The acquisition also gives Behringer Harvard an interest in an office
building and retail space currently under construction, which are expected to total approximately 64,000 square feet. Furthermore, plans call for the build-to-suit construction of 45,000 square feet of retail and a multiscreen movie theater complex.

The investment in Frisco Square includes entitlements for the development of 1.6 million square feet of office space, 560,000 square feet of retail, 300 high-end multifamily units, and 800 hotel rooms. Future development options
will be determined by market demand.

The city of Frisco, located approximately 25 miles north of Dallas, was named in 2007 as the seventh fastest-growing suburb in the United States by Forbes magazine.

Property Highlights:

  • 48 acres located in Frisco Square, home to a growing number of existing office, retail, and multifamily properties, and adjacent to municipal facilities, including Frisco City Hall and Frisco Public Library
  • Potential for development of up to 1.6 million square feet of office space, 560,000 square feet of retail, 300 high-end multifamily units, and 800 hotel rooms
  • Located at the corner of the Dallas North Tollway and Main Street, and adjacent to Pizza Hut Park, a $65 million sports and entertainment venue
Year Built: 2000 (first groundbreaking);
ongoing development
Asset Size:
  • Approximately 48 total acres
  • Interest in 43,500 sq. ft. of office space; 57,000 sq. ft. of retail; 114 multifamily units
  • Interest in 48,000 sq. ft. of office and 16,000 sq. ft. of retail under construction
  • Entitlements for 1.6 million sq. ft. developable office; 560,000 sq. ft.
    developable retail; 300 developable multifamily units, and 800 developable
    hotel rooms
Acquisition Date:August 2007
Investment of
Behringer Harvard
Fund(s):
Opportunity REIT I, Inc.

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