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HALL FINANCIAL GROUP TO BREAK GROUND ON 16th BUILDING IN AWARD-WINNING HALL OFFICE PARK IN FRISCO, TX
3001 Dallas Parkway to offer 200,000 SF of new Class AA office space to meet market demand
FRISCO, TX – Oct. 25, 2012 – Craig Hall, chairman and founder of Hall Financial Group, announced today that construction will soon be underway on the 16th building at the award-winning Hall Office Park in Frisco, Texas. The new Class AA building at 3001 Dallas Parkway will be eight-stories with 200,000 square feet. It is being built on one of the two remaining and highly visible development sites in the park overlooking the Dallas North Tollway.
“With existing demand for new multi-tenant office space in the area outpacing availability, we believe the timing is right to start this next building,” said Hall. “Our decision to move forward was facilitated by the support and development incentives provided by the City of Frisco and the Frisco Economic Development Corporation. Their encouragement and assistance will help make this speculative project economically workable.”
Constructed with the latest advanced technologies, 3001 Dallas Parkway will contain efficient and flexible 25,000-square-foot floor plates and is designed to achieve LEED certification. A two-story, light-filled atrium lobby will feature a combination of high-end finishes and important works of art and sculpture from The Hall Collection. For a key tenant, top-of-building signage prominently positioned in the new Frisco skyline and visible by travelers on the Dallas North Tollway provides an exclusive and priceless branding opportunity.
Hall Financial Group has maintained a steady development pace at Hall Office Park since opening its first speculative building in early 1998. Today, 15 buildings with 2 million square feet of space are complete and 98% leased to a prestigious roster of 170 tenant companies with an employee population of 6,500. Building types range from low-rise office to Class AA towers and are occupied by a broad mix of businesses from emerging entrepreneurs to international corporate powerhouses. Hall Office Park has successfully attracted and been able to retain some of the most sought-after tenants in the market.
Craig Hall’s original vision for the 162 acres of Frisco land was to create a progressive work environment offering lifestyle amenities, artistic beauty and timesaving, on-site business services – all designed to help tenants be more creative and productive, ultimately improving the bottom-line success of their businesses. That vision is unchanged today and companies at Hall Office Park enjoy the stability of knowing they can count on concerned and consistent ownership and management and the ability to move and expand within the park as needed.
Ground breaking on 3001 Dallas Parkway is scheduled for early 2013 with completion planned by April 2014.
ABOUT HALL OFFICE PARK
Hall Office Park is Hall Financial Group’s award-winning, 162-acre office development in Frisco, Texas, currently containing 2 million square feet of office space in 15 completed buildings. Construction on the park’s 16th building at 3001 Dallas Parkway is scheduled to begin in early 2013 with completion by the second quarter of 2014. Another office building is planned. Conveniently located less than 30 minutes from DFW Airport and downtown Dallas, Hall Office Park is seconds from world-class shopping, dining, sports, entertainment, and a wide range of residential options. Among the park’s extensive lifestyle amenities and on-site business services is The Hall Collection featuring the Texas Sculpture Garden. The renowned Texas Sculpture Garden is the largest private collection of contemporary sculpture by Texas artists ever assembled and made available to the public free of charge. For more information, visit www.hallofficepark.com and www.texassculpturegarden.org.
ABOUT HALL FINANCIAL GROUP
Founded in 1968, Hall Financial Group is owned by Craig Hall and family. Diversified holdings include active operations in commercial real estate development, ownership and management; software application development; structured finance lending for real estate and other areas; vineyards and wineries; and oil and gas. For more information, visit www.hallfinancial.com.
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