Granite Properties Tops Out DFW Office Building
Construction of the Class AA property is expected to conclude in 2023.
Granite Properties has topped out Granite Place II at Southlake Town Square, a 143,500-square-foot office building in Southlake, Texas. The five-story, Class AA property at 601 State St. is rising adjacent to the 100 percent occupied Granite Place I, the first phase of the project.
In June, the developer secured $39 million in construction financing for the second stage of Granite Place, provided by Bank OZK. N5B Capital, the joint venture equity partner for Granite Place II, is planning to relocate its headquarters to the building.
Corgan is in charge of the design, while DPR Construction is the general contractor. Construction commenced in May 2022 and is expected to deliver in the first quarter of 2023.
Providing the Class AA experience
Amenities of the second phase will include an outdoor meeting space, fitness center, food service, touch-free entries and fixtures in restrooms, floor-to-ceiling windows and covered parking. The building is planned to achieve LEED and Fitwel certifications. Granite Place II will also comprise move-in ready office spaces, averaging between 1,900 and 3,300 square feet, designed for short-term leases.
Situated at Southlake Town Square, in proximity of Hilton Dallas hotel and EVO Entertainment, the property is adjacent to State Highway 114, close to multiple retail and dining options and roughly 8 miles from DFW International Airport. Granite Place I came online in 2017 at 550 Reserve St. and has a tenant roster that includes Wells Fargo Advisors, Baker Avenue Wealth Management and OS National, according to CommercialEdge.
Granites’ in-house leasing team formed of Senior Director of Corporate Leasing Robert Jimenez and Leasing Managers Burson Holaman and Elizabeth Fortado are in charge of marketing Granite Place II.
