McKINNEY, TX-VanTrust Real Estate LLC has broken ground on a 120,000 square foot speculative office development located in the McKinney Corporate Center at Craig Ranch, just north of Dallas. This is the firm's first commercial real estate development project in North Texas.

VanTrust has selected CBRE to exclusively lease the speculative office building that will kick off the 185-acre office park development known as McKinney Corporate Center. The project is part of the 2,200-acre Craig Ranch mixed-use community. The spec building will be situated near the Craig Ranch Town Center and allows for easy access to State Highway 121 and convenient proximity to D/FW International Airport, shopping, dining, and arts and cultural events in nearby Dallas.

“We are thrilled to be planting the VanTrust flag in McKinney with this project,” said Rich Muller, VP of Development at VanTrust Real Estate. “The City of McKinney has proven itself to be a very pro-business environment and has been extremely easy to work with. We feel this winning combination gives us a terrific opportunity to be successful.”

McKinney-based MYCON General Contractors has been awarded the design-build contract to construct the three-story, 120,000 square foot, tilt-wall spec office building. The site can also accommodate an additional 120,000 square foot building, which would bring the total footprint to 240,000 square foot.

“VanTrust is here to stay; not only in Craig Ranch, but in the Metroplex. We're thrilled to be working with them on McKinney Corporate Center I,” said Burson Holman, first VP at CBRE. “This project meets all the criteria to satisfy the continued demand in the market including access to quality housing, schools, running and biking trails, dining and shopping. It is a perfectly situated opportunity.”

The 120,000 square foot office building has broken ground and is slated for delivery February 2014.

CBRE Group, Inc., a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world's largest commercial real estate services and investment firm (in terms of 2012 revenue).

VanTrust Real Estate, LLC, is a full service real estate development company with a regional focus and national scope. Headquartered in Kansas City, MO, with a regional office in Columbus, Ohio and with offices in Phoenix, and Dallas, opening in the first quarter of 2013, VanTrust creates real estate assets for both internal portfolio holdings as well as disposition opportunities.

Established in 1987, MYCON is an award-winning commercial contractor specializing in integrating general contracting and construction management services. MYCON's diverse team offers extensive experience in design/build services, LEED/sustainable construction, construction management, and professional project supervision. MYCON is an active member of the United States Green Building Council as well as the Urban Land Institute and is committed to supporting responsible land use and sustainable development. MYCON's pool of expertise produces superior results and significant cost savings for their customers.

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Construction Begun on Spec Office Development in Craig Ranch

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