Monday, March 23, 2015

High profile Frisco development site changes hands, office and hotel space planned

The almost 11-acre development site is on the east side of the Dallas North Tollway at  McCandless Way. (Google maps)
The almost 11-acre development site is on the east side of the Dallas North Tollway at McCandless Way. (Google maps)
A high-profile Frisco development site has sold to a Dallas-based real estate investment and development firm.
Western International purchased almost 11 acres on the east side of the Dallas North Tollway at McCandless Way. The vacant property is just east of where the Dallas Cowboys are building their new corporate headquarters, training facilities and a mixed-use project.
Western International plans to develop a mixed-use project with office and hotel space on the property, which is just north of Warren Parkway.
Duke Realty, who developed three offices buildings on adjoining sites, sold the land.
Sayres Heady of Randy Heady & Co. brokered the property sale with Randy Church of Wicker & Associates. Terms of the sale were not disclosed.
“The only properties available to purchase of this size on the tollway are located further north,” Heady said.
The just purchased development site is in the area along the tollway where Frisco economic development officials brag that almost $5 billion in real estate projects are in the works or already underway.
Along with the Dallas Cowboys, developer Hillwood and Thomas Land have major mixed-use projects in the area.
Steve Brown, The Dallas Morning News