Friday, September 02, 2016

Cowboys' The Star lands biggest business tenant, makes plans for 2nd office building

FM Global is leasing office space on the top two floors of the Dallas Cowboys' new headquarters office building at The Star
mixed-use complex in Frisco.

The Dallas Cowboys have scored the biggest business tenant yet for The Star in Frisco, the team's new $1.5 billion headquarters.
FM Global — one of the world's largest commercial and industrial property insurers — is taking office space on the top two floors of The Star's office building  west of the Dallas North Tollway.
The insurance giant is trading its current location in West Plano for a 50-yard-line seat on the Cowboy's new Frisco practice field. It joins Bank of America and the Dallas Cowboys World Headquarters as tenants in the new building.
With the latest deal, the new building is substantially leased
"We just have a little bit more to finish up on the west side," said Stephen Jones, Cowboys executive vice president. "If we had it do over again this thing would be taller — we probably would have gone for a few more floors."
Jones said the Cowboys' Blue Star Land and developer Lincoln Property Co. are already working on a second office building at The Star to take advantage of business interest in the mixed-use development.
"We have something so unique with our office building," he said.
FM Global is taking more than 79,000 square feet of the 398,000-square-foot office building on Warren Parkway.
Jones said that like Bank of America, which is leasing 60,000 square feet of offices, FM Global is a longtime business partner of the Dallas Cowboys. FM Global provides the football club with property and builders risk insurance.
"Knowing that we will share the Dallas Cowboys new headquarters with faces and companies that are so intimately familiar to us makes this project even more special," Jones said. "All the things that come with it, including offices overlooking the practice field, are unique.
"They can take a client or future employee down to the training field," he said. "Whether you are trying to sell somebody or trying to recruit employees — that was a big driver for FM Global."
FM Global has done business with the Cowboys since 2002, said Kevin Bradshaw, senior vice president and FM Global's Western Division manager.
The Rhode Island-based insurance firm will move more than 160 employees to The Star starting in the spring.
Bradshaw said FM Global looked at several other locations in Frisco before landing at The Star. Mary Stoner Yost with Colliers International advised the company in its selection.
"One of the big draws it had when we considered it are the amenities that are going to be there," he said. "We met with the Joneses and agree with what the vision is for The Star.
Written by Steve Brown/Dallas Morning News