DALLAS – VanTrust Real Estate LLC has broken ground on a 120,000 square foot speculative office development located in the McKinney Corporate Center at Craig Ranch, just north of Dallas in McKinney. This is VanTrust Real Estate’s first commercial real estate development project in North Texas.
VanTrust has selected CBRE to exclusively lease the speculative office building that will kick off the 185-acre office park development known as McKinney Corporate Center. The project is part of the 2,200-acre Craig Ranch mixed-use community. The spec building will be situated near the Craig Ranch Town Center and allows for easy access to State Highway 121 and convenient proximity to DFW International Airport, shopping, dining, and arts and cultural events in nearby Dallas.
“We are thrilled to be planting the VanTrust flag in McKinney with this project,” said Rich Muller, Vice President, Development. “The City of McKinney has proven itself to be a very pro-business environment and has been extremely easy to work with. We feel this winning combination gives us a terrific opportunity to be successful.”
McKinney-based MYCON General Contractors has been awarded the Design-Build contract to construct the three-story, 120,000 square foot, tilt-wall spec office building. The site can also accommodate an additional 120,000 square foot building, which would bring the total footprint to 240,000 square foot.
“VanTrust is here to stay; not only in Craig Ranch, but in the Metroplex. We’re thrilled to be working with them on McKinney Corporate Center I,” said Burson Holman, first vice president at CBRE. “This project meets all the criteria to satisfy the continued demand in the market including access to quality housing, schools, running and biking trails, dining and shopping. It is a perfectly situated opportunity.”
The scheduled office building will be the first big block of office space for Craig Ranch, which currently houses the TPC Craig Ranch golf course, Cooper Fitness Center and Spa, multiple housing options and a Medical District.
Burson Holman and Shannon Brown with CBRE will represent the owner, VanTrust Real Estate LLC, in leasing the building. O’Brien & Associates has been hired as the architect of record.
“We are extremely proud to have been selected as the general contractor for this project,” said Charles Myers, President and CEO of MYCON. “MYCON and O’Brien & Associates have a depth of experience partnering on projects such as this one, and we look forward to building a long-standing relationship with VanTrust on this and future projects.”
The 120,000 square foot office building has broken ground and is slated for delivery February 2014.
“We’re honored to be part of an outstanding team working with an exceptional owner on an exciting project,” said Mick Granlund, Design Director at O’Brien Architecture. “It’s an important step in realizing the owners’ vision for McKinney Corporate Center.”
About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2012 revenue). The Company has approximately 37,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 300 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at cbre.com.
About Van Trust Real Estate
VanTrust Real Estate, LLC, is a full service real estate development company with a regional focus and national scope. Headquartered in Kansas City, Missouri, with a regional office in Columbus, Ohio and with offices in Phoenix, Arizona, and Dallas, Texas, opening in the first quarter of 2013, VanTrust creates real estate assets for both internal portfolio holdings as well as disposition opportunities. VanTrust’s ownership and substantial capital base are associated with the Van Tuyl Group. VanTrust offers its clients and capital partners a full spectrum of real estate services, including acquisition, development, asset management, construction management and consulting. Product types include office, industrial, multi-family, retail, institutional, governmental, hospitality, and recreational. For additional information, visit vantrustrealestate.com.
About MYCON General Contractors
Established in 1987, MYCON is an award-winning commercial contractor specializing in integrating general contracting and construction management services. MYCON’s diverse team offers extensive experience in design/build services, LEED/sustainable construction, construction management, and professional project supervision. MYCON is an active member of the United States Green Building Council as well as the Urban Land Institute and is committed to supporting responsible land use and sustainable development. MYCON’s pool of expertise produces superior results and significant cost savings for their customers. For more information, please visit our website at mycon.com.
About O’Brien & Associates
Dallas-based O’Brien & Associates has produced award-winning, signature designs for clients nationwide for 39 years. Throughout the growth and diversification of the firm, client service has always been our guiding principle. O’Brien & Associates currently specializes in the following industries: Office, Industrial, Retail, Mixed-Use, Renovations, Interiors, Municipal and Multi-Family. Our firm offers the full range of architectural services, from master planning to construction administration. We work collaboratively with our clients to develop concepts and solutions unique to their needs, combining best-in-class practices with innovative design. For additional information, visit obrienarch.com.