Granite Properties Starts Construction on Granite Park Six in Plano
Granite Park Customer, Stonebriar Commercial Finance, Signs Lease for Two Floors
New Renderings Revealed of the Sustainable and Wellness-focused Class-AA Office Building Offering the Most Experiential and Amenitized Workspace in Granite Park
DALLAS – December 8, 2021 – Granite Properties, a commercial real estate investment, development and management company, today announced construction has commenced on Granite Park Six, a Class-AA, 420,000 square foot office building in Granite Park, a 90-acre mixed-use development located in Plano, Texas. The building will be delivered in June 2023. Designed by BOKA Powell, with modern interiors by HKS Architects, the 19-story office tower will be LEED and Fitwel certified, and will be the tallest and most amenitized building in Granite Park. Austin Commercial will serve as General Contractor.
Stonebriar Commercial Finance (“Stonebriar”), a privately owned, diversified commercial finance and leasing company, currently located at Granite Park Three, has signed a lease for two floors (52,000 SF) at Granite Park Six.
“We’re excited Stonebriar has chosen Granite Park Six to expand their business,” said Will Hendrickson, Senior Managing Director, Granite Properties. “With Granite Park Six, we will build on Granite Park’s success of offering high quality spaces for work, productivity and leisure within a walkable, park setting. Granite Park Six will deliver unique experiences for employees to be productive, collaborate and foster community, whether that’s at their desk, in the customer lounge, lecture hall, coffee bar or the 6th floor outdoor terrace,” he added.
Granite Park Six’s experiential design and amenities will be accessible to all Granite Park customers allowing office workers to foster community and togetherness across the entire park. Connecting people to nature, Granite Park Six will offer outdoor green space for office workers to gather at the 6th floor amenity terrace, which will connect to a fitness studio that offers a variety of group classes. The sixth floor also features an indoor customer lounge and a golf simulator. A dramatic two-story hospitality-driven lobby with a coffee kiosk, a 400-seat lecture hall offering theater-style seating at the mezzanine level, and three conference rooms are designed to foster community, collaboration, and innovation. The ground level market café will provide food service that includes breakfast, lunch and take-home meals, for an added convenience. Innovative wellness features include the installation of the clean air technology, Needlepoint Bipolar Ionization, in the building’s HVAC system; a touchless path from the building’s six-level parking garage to the office, inclusive of touch free entry doors and touch free fixtures in restrooms; a destination dispatch elevator system that office workers can control with their smartphones; and floor to ceiling windows to maximize natural light.
“Granite Park Six was our first choice when we found ourselves in need of more space to accommodate our growth and strategic goals. Over the past 17 years as customers at Granite Park, we’ve enjoyed Granite’s consistent pursuit of maintaining a first-class experience throughout the park as well as the highly praised Hilton Hotel, which accommodates the many weekly visitors we host in our offices. Granite Park will remain Stonebriar’s headquarters for many years to come,” said Dave B. Fate, CEO of Stonebriar.
The Stonebriar leadership team have been customers of Granite Park since 2004, where they founded and built multi-billion-dollar companies for AIG Commercial Asset Finance, which was located at Granite Park Two. Stonebriar, founded in 2015, provides capital for businesses in a variety of industries through multiple platforms, including general equipment, aviation capital, and real estate. The firm currently has 46 employees and a growing $3.75+ billion balance sheet.
Stonebriar was represented by Tyler Thomas and Scott Morse of Citadel Partners, and Granite was represented by Robert Jimenez and Burson Holman of Granite.
“We’re pleased Stonebriar selected Granite Park Six as their employees will greatly benefit from its experiential, sustainable and healthy work environment,” said Robert Jimenez, Senior Director of Leasing, Granite Properties. “We’ve seen a substantial increase in leasing activity in the past six months. We are excited for Granite Park Six to help existing Granite Park customers expand and to also attract new customers to Granite Park,” he added.
“We’re thrilled to represent Stonebriar in their selection of Granite Park Six,” said Tyler Thomas, Senior Advisor, Citadel Partners. “Far North Dallas continues to see some of the highest demand for office space across the metroplex as net absorption was just over 400,000 square feet last quarter. Larger tenants are beginning to get back out in the market and make decisions with forward-thinking groups, such as Stonebriar, paving the way. We believe Granite Park Six will reap the benefits of the strong leasing demand and rent growth we are forecasting for 2022,” he added.
Granite Park, a master-planned development by Granite Properties, is located at the southeast corner of State Highway 121 and the Dallas North Tollway providing convenient access to residential communities and a 20-minute ride to DFW Airport. The development offers over 3 million square feet of Class-A office space, shops and restaurants, including waterfront restaurants with patios situated on The Boardwalk at Granite Park, and a 299-room Hilton Hotel. Granite’s leasing team Robert Jimenez and Burson Holman will lease Granite Park Six.
About Granite Properties
Granite Properties is a privately held commercial real estate investment, development and management company founded in 1991. Granite owns more than 10 million square feet of high-quality office space in Dallas, Houston, Atlanta, Denver, Southern California, and Nashville. Granite is an established investor, developer, and manager with a focus on sustainable, high-quality projects. More than $7.7 billion in real estate transactions and more than 28 million square feet of real estate development and acquisitions have been completed by Granite. Current plans for acquisition and development projects in Atlanta, Boston, Dallas, Houston, and Southern California are valued at over $1 billion. Granite focuses on creating extraordinary customer experiences through mixed-use environments, rich in amenities, customer-centric service, and innovative wellness features. The firm has been named as one of Fortune Magazine and Great Place to Work Best Workplaces for the last nine consecutive years. For more information, visit: www.graniteprop.com.
About Stonebriar Commercial Finance
Stonebriar, an Eldridge business based in Plano, TX, is an investment grade provider of financing solutions for businesses in a wide variety of industries, of various sizes and credit profiles. Stonebriar leases and finances assets located primarily in North America and select other jurisdictions worldwide currently through 5 distinct platforms—General Equipment, Aviation Capital, Rail Leasing, Real Estate and Sponsor Finance. To learn more about Stonebriar Commercial Finance please visit www.StonebriarCF.com.
About Citadel Partners
Citadel Partners is a regional commercial real estate advisory firm serving client’s needs nationally, having offices in Dallas and Fort Worth, TX. Citadel Partners provides a fully integrated services platform, designed to align with an organization’s business plan to maximize profitability, productivity and flexibility of the real estate facilities. To learn more about Citadel Partners, please visit: www.citadelpartnersus.com