Craig Ranch Unveils Largest Employment District in North Texas in 15 Years Partners with KDC to Lead Corporate District Development

by Craig Ranch - May 28th, 2010.
Filed under: Commercial Development, Craig Ranch News. Tagged as: , , , , , , , , , , , , , , .

FOR IMMEDIATE RELEASE
May 28, 2010

Craig Ranch Unveils Largest Employment District in North Texas in 15 Years Partners with KDC to Lead Corporate District Development

McKINNEY, TX– Craig Ranch (craigranchtx.com) unveiled today a $575 million, 250-acre employment district, the largest to be announced in North Texas in 15 years. The development also announced a joint venture with KDC (kdc.com), one of America’s leading commercial real estate development and investment firms, to develop and market the corporate district component located off of SH121 between the North Texas Tollway and North Central Expressway in McKinney.

“We are positioning Craig Ranch to be the top choice for corporate relocations and company headquarters,” said David Craig, master developer of Craig Ranch. “With KDC as our partner, we are gearing up for the market to recover. We are in the best geographic location in North Texas and right in the heart of the growth corridor. This area will see phenomenal growth over the next 10 years and our site gives us prime access to an abundance of well-educated employees.”

Craig said KDC was the perfect fit because of their experience in developing corporate build-to-suit projects, having developed more than 110 facilities over the past decade. Craig Ranch presents an excellent opportunity for corporate users seeking flexibility in office space in a sought after McKinney location.

“We chose Craig Ranch because of its prime location, existing infrastructure and quality of life venues already in place,” said Bill Guthrey, senior vice president of KDC. “Our extensive build-to-suit experience and solid relationships with Corporate America makes this an ideal partnership that combines a quality, master-planned environment with KDC’s development and marketing experience.”

The employment district is made up of two components: a 160-acre corporate district with the potential to build two million square feet for multi-tenant office buildings and corporate headquarters; and the 90-acre medical district, of which 45% of the acreage has already been purchased by users.

“Because of the large parcels of land, we have a unique opportunity to be very flexible with companies on where they want to build,” said Miles Prestemon, Chief Operating Officer of Craig Ranch. “Whether they want a campus setting, a new-urban feel, a building along the Tollway or overlooking the golf course, we can accommodate all of those options.”

Craig Ranch is located within 30 minutes of DFW Airport and six miles from Collin County Regional Airport. It sits along a nearly two-mile stretch of the 12-lane Sam Rayburn SH121 Tollway with three full on/off interchanges that connect directly to the site. Craig Ranch has unique amenities including the TPC Craig Ranch golf course and the Cooper Fitness Center. More information on the Employment District can be found at craigranchcommercial.com.
###

About Craig Ranch
Craig Ranch is a 2,200 acre master-planned business, retail, and residential community in McKinney, Texas – recently ranked by Money Magazine as one of the top 15 “Best Places to Live” in America. Craig Ranch is a high profile, regional point of destination, with its open space and ambiance serving as a natural setting for outdoor concerts, water-inspired events, art fairs and exhibits. Soccer and baseball fields, hike and bike trails and dedicated green space give residents a sense of place they are proud to call home. Craig Ranch is an AT&T Connected Community. Its marquee venues include: the TPC at Craig Ranch, the Michael Johnson Performance Center, the Cooper Fitness Center & Spa at Craig Ranch, the Hospital at Craig Ranch, Dr Pepper StarCenter McKinney at Craig Ranch, The Ball Fields at Craig Ranch and The Premier Soccer Fields at Craig Ranch. More information on Craig Ranch can be found at: craigranchtx.com.

About KDC

KDC, one of America’s leading commercial real estate and investment companies, provides a full range of commercial real estate services including corporate build-to-suit development, acquisitions, corporate facility project/construction management, project financing, asset and land management, and marketing and leasing. KDC is headquartered in Dallas and has offices in Atlanta; Charlotte, N.C.; and Detroit. For more information visit kdc.com.

Media Contact:
Craig Ranch
Carey Marin
carey@lemastergroup.com
(214) 914-1157

KDC
Sydney Townsend
Sunwest Communications
stownsend@sunwestpr.com
(214) 373-1601 or (972) 979-9351

Leave a Reply