DALLAS, TX – Cawley Partners broke ground earlier this week on Phase II of The Parkwood office campus. The second phase is being developed in partnership with the Haggard family and First United Bank. It will add an additional 120,000 square foot Class A office building to the Plano development.
Despite growing concerns of the office market due to the impact of Covid-19's Work-From-Home policies, the demand for new, Class A products continues to grow in DFW. Phase I of The Parkwood was completed last year and is 100% leased. The second phase is 43% pre-leased and will serve as the headquarters for SFMG Wealth Advisors.
“This is an extremely attractive campus and we’re seeing lots of interest from 5,000-10,000 square foot users, so we anticipate delivering the building with several move-in ready spec suites. The location, efficient floor plan, and amenity package is really attractive to tenants in this area and we expect the remaining space in the building to lease quickly,” commented Kristi Waddell, VP Leasing with Cawley Partners.
The Parkwood Phases I and II will be connected via an open courtyard with multiple gathering spaces for tenants and visitors. The project is highly amenitized, featuring spacious lobbies, tech-forward conference rooms, outdoor patios, a fully equipped fitness center, and a pickleball court. Located right off the Dallas North Tollway at Windhaven, The Parkwood offers prime Tollway visibility for corporate users and walkable dining options. Phase II is expected to deliver in Q4 2024.
The Parkwood is currently being leased by Kristi Waddell of Cawley Partners. For more information, contact kwaddell@cawleypartners.com or call 972.759.7711.
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About Cawley Partners Cawley Partners is a full-service Dallas-based commercial real estate company focused on building partnerships through developing, investing, managing and leasing buildings. Since 1996, the Company has experience with more than 15 million square feet of development and acquisition projects. The developments include office, retail, and industrial and have ranged from speculative to build-to-suit corporate headquarters.
