Read the full article in Dallas Morning News…
Developers of a successful Plano office campus are kicking off construction on the next phase of the project.
Billingsley Co. and general contractor Adolfson & Peterson Construction have started work on a five-story, 250,000-square-foot office building in the International Business Park. The 300-acre office and commercial park is near the northwest corner of Dallas North Tollway and Bush Turnpike.
The building will be next to an existing four-story, 187,100-square-foot office building.
“While Dallas’ office market has been slow to recover, absorption and demand ticked upward for the third quarter,” Adolfson & Peterson’s Will Pender said in a statement. “We believe this trend positions Billingsley’s award-winning business park — as well as this new office building — well in the coming years.
“We’re excited to get to work on our fourth major office project with Billingsley and help them take another step forward in completing this state-of-the-art development.”
Dallas architect GFF designed the new building. Trevor Franke and Gini Rounsaville of Jones Lang LaSalle are leasing it.
The International Business Park office complex includes a 9,000-square-foot amenity building with a fitness center, a conference center and a tenant lounge.
Billingsley Co.’s newest building has been updated with features that are becoming more popular because of COVID-19.
“We’ve added patios to the first floor and balconies on several floors — all of which will overlook a large park with meeting areas and Wi-Fi — giving employees the option to work outdoors,” Lucy Burns, partner at Billingsley, said in a statement.
International Business Park already includes 11 buildings with 1.4 million square feet. The park houses operations for more than 100 businesses and over 4,000 employees.
Billingsley is the latest developer to start construction on an office project along Dallas North Tollway.
Demand for office space plummeted last year with the onset of the pandemic. But with more workers returning to the office, developers are ramping up building starts.
Along with Billingsley, developers Granite Properties, Hall Group and Dallas Cowboys owner Jerry Jones’ Blue Star Land Co. have recently broken ground on office projects in Plano and Carrollton.