Frisco Station lands nearly 50,000 square feet in new office leases
Parkhill, Ash Grove and Raymond James pushed The Offices Three to roughly 48% leased, a sign Frisco Station is still drawing tenants in a tough office market.
Frisco Station closed out the week with nearly 50,000 square feet of new office commitments at The Offices Three, a leasing burst that offers a live test of whether Frisco’s office-and-mixed-use boom still has momentum in a shakier market.
The new deals center on three employers with different needs but a shared preference for a high-end address along the Dallas North Tollway. Architecture and engineering firm Parkhill leased 26,254 square feet on Level 5, giving the company its second Dallas-Fort Worth location and its largest footprint in the building. Ash Grove Cement Co. took 5,174 square feet for a regional office on Level 2, and Raymond James leased 5,120 square feet for its Frisco branch. Together, the commitments push the roughly 460,000-square-foot building to about 48% occupancy, or around 220,800 square feet leased.
The latest activity also shows how much of today’s office demand is tied to move-in-ready space. Frisco Station added 12,000 square feet of fully finished spec suites on Level 2, with units ranging from 2,500 to 6,500 square feet. The suites are built around shared amenities that include a tenant lounge, dining area, huddle rooms and bar-style collaboration spaces, a setup aimed at companies that want premium space without waiting through a long buildout. Tyler Chapman of VanTrust Real Estate said the location and amenities continue to draw strong interest, and the turnkey suites are meeting demand from tenants that want to move quickly.
That matters for Frisco because office leasing does more than fill a building. Parkhill’s expansion, Ash Grove’s regional office and Raymond James’ branch should bring more workers into one of the city’s biggest mixed-use districts, adding weekday lunch traffic and a deeper pool of employees spending time, and money, around the site. For Frisco residents, the bigger question is whether those office commitments help reinforce the long-term tax base that supports the city’s growth.
The leasing update also lands inside a broader development that is still being built out. Frisco Station spans 242 acres in the North Platinum Corridor along the Dallas North Tollway, adjacent to The Star, and already includes four residential communities and three hotels: Canopy by Hilton Dallas Frisco Station, AC Hotel Dallas Frisco and Residence Inn Dallas Frisco. The partnership behind the project includes Hillwood, VanTrust Real Estate and The Rudman Partnership.
That larger buildout is still unfolding. Frisco Station’s first medical office building in the Health and Wellness District broke ground on April 29, 2025, and the 85,800-square-foot project is scheduled to open in late 2026. The district is planned to cover 35 acres at full buildout, extending a development that began construction in 2016 and continues to evolve from a long-range concept into a more fully populated business center.
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