Tag Archives: Cowboys

Blue Star Accelerator-Jerry’s Star is growing ever bigger!

Post By : admin 5 December 2016 Leave a comment

Recently, it was announced that Jerry Jones’ family is helping to launch a business incubator helping early-stage companies in the fields of technology, sports and entertainment. This new company is named Blue Star Accelerator (obviously!) that will office at The Star – Cowboys headquarters in Frisco.

Jones recently invested in ParkHub, a parking payment and logistics system. Side note, Jarrod Fresquez, a founding member of ParkHub, was recently interviewed on The Next Level Show by Steven Neuner and Bob Gibbons.

To read the entire Dallas Morning News article, please click here.

To listen to Jarrod’s interview on The Next Level Show, please click here.

Bob Gibbons is a Real Estate Advisor & Tenant Advocate with REATA Commercial Realty, Inc. which is a tenant advisory firm based in Plano, Texas. Bob serves companies in Plano, Frisco, McKinney, Allen, Richardson, Addison, Dallas and the surrounding areas and specializes in companies which lease or buy office and warehouse properties.

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The $5 Billion Mile

Post By : admin 7 November 2014 Leave a comment

Last week I blogged about the new $900 million development in Plano. Well the jealous sister to the north (Frisco) loves to upstage Plano and announced The $5 Billion Mile this week (website). The $5 Billion Mile is stands for the $5.4 billion estimated value of 4 new developments along the Dallas North Tollway between Warren Parkway and Lebanon Road.

These developments include the Cowboys World Headquarters, Frisco Station, The Gate and Wade Park. Two of these projects have already broken ground with the others planned for the next year or so. Here are the projected totals:

549 acres
Office – 11.7 million square feet (SF)
Retail – 1.2 million SF
Hotels – 5 with 1,230 rooms
Single Family Homes – 200
Apartments/Condos – 3,700 units
Stadium – 12,000 seats

And these numbers don’t include all the other one-off developments going on Frisco at the same time. Some of the names already signed include Whole Foods, iPic Theatres, Pinstripes, Omni Hotels.

This is a very ambitious time for Frisco. I’m excited about it and hope it all happens as announced. It’s hard to imagine, however. For example, 11.7 million SF of office space is about 4 times the total square footage currently in Frisco today. Net absorption (the change in occupied SF) was only 131,700 SF. Extrapolating those numbers would mean that 11.7 million SF of new office product would be equal to 44 years of demand. Of course, demand is never linear and a few large corporate relocations could take a huge chunk of this off the market.

If you need new office space or have a lease renewing in the next few years, please call me and I would be happy to work with you to create a strategy for your company’s future office or warehouse needs.

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