Jackson-Shaw Buys 47.3 Acres for Three-Phase, 620,000-SF Project

PLANO, TX-With a 47.3-acre deal now finalized, the Jackson-Shaw Co. is forging ahead on plans to add another 620,000 sf to its 900,000-sf Plano-area portfolio. Ground will break in early 2001 on a 220,000-sf first phase, Debi Carter, developing partner in the firm’s land acquisition, tells GlobeSt.com.

The building will deliver in September 2001, with plans to start the 200,000-sf second phase three months later. The project’s final stage–another 200,000 sf–tentatively is set for a July 2002 start. The buildings will be a combination of two-story office and single-story office/flex structures. She says full build-out calls for six or seven buildings on the parcel.

Friday, Jackson-Shaw had announced the land acquisition at Central Plano Business Park from Union Pacific Railroad Co., which has sold all but 33 acres of its holdings in the park. The Plano Parkway property is located near Shiloh Road in a rapidly growing high-tech section of East Plano, which is north of the new TX 190 and Richardson’s Telecom Corridor.

Jackson-Shaw’s affinity for East Plano is its proximity to the Telecom Corridor. “There’s just a lot of synergism among the high-tech companies who want to stay close to Richardson’s Telecom Corridor, which is just out of space,” says Carter.

Jackson-Shaw also has a 150,000-sf office/flex project under construction in the same submarket. The project at Jupiter/190 Business Center is ticketed for completion in February 2001. “This is the biggest market in the Dallas area for us as far as office/flex space,” she says.

A project architect has yet to be selected, but Jackson-Shaw will be acting as general contractor, developer and leasing agent for the development. The property will be marketed for leasing and build-to-suit projects.

Central Plano Business Park, totaling about 100 acres, is located along Plano Parkway between Jupiter Road and Los Rio. Tenants include Alcatel, Adams Golf, Ericsson and Sanmina corporations, Union Pacific Railroad Co. and Cushman & Wakefield of Texas Inc. Carter, who represented Jackson-Shaw, handled the land sale.