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Projected development in region drives office relocation
Dallas, February 7, 2018 – JLL announced today the successful negotiation of a new 8,800-square-foot office lease for RBC Wealth Management. The global financial management firm is relocating their operation in Plano to The Star in Frisco, located at One Cowboys Way in Frisco, Texas, in March 2018.
Far North Dallas is one of the most popular submarkets in North Texas thanks in part to attractive new developments like The Star in Frisco. The Star, which serves as the headquarters for the Dallas Cowboys, offers new top-tier amenities and accessibility within a booming area for businesses and people.
"RBC Wealth Management's new office addresses two major objectives – a strategic foothold in an area of projected growth, as well as a premier, centralized location to provide better access and greater level of client services for our growing client base. I believe RBC's offices in The Star, combined with the level of amenities, will provide our clients and employees with the finest place to work and conduct business in the Metroplex," said Andrew Teller, Jr., RBC Wealth Management -Senior Managing Director-Dallas. "Our firm is well-positioned to capitalize on continued growth throughout the region and beyond."
RBC decided to move to the new location in The Star to provide more convenience to employees and clients, making it the place to work and do business in The Frisco/Plano area.
JLL Executive Vice President
Calvin Hull negotiated the new office lease on behalf of RBC Wealth Management. Lincoln Property Company's Jake Young and Worthey Wiles represented the landlord.
JLL Research, the Far North Dallas submarket completed over 5 million square feet of office space through Q4 2017 with another 2.4 million square feet under construction. The area has seen 4.3 million square feet of net absorption. The submarket constitutes over 67% of the total completed office projects for Dallas and over 45% of the total amount of office product currently under construction year-to-date.
Royal Bank of Canada is a global financial institution with a purpose-driven, principles-led approach to delivering leading performance. Our success comes from the 80,000 employees who bring our vision, values and strategy to life so we can help our clients thrive and communities prosper. As Canada's biggest bank, and one of the largest in the world based on market capitalization, we have a diversified business model with a focus on innovation and providing exceptional experiences to our 16 million clients in Canada, the U.S. and 35 other countries. For more information, please visit rbc.com.
We are proud to support a broad range of community initiatives through donations, community investments and employee volunteer activities. See how at rbc.com/community-sustainability/.
About The Star
The Star is the 91-acre campus of the Dallas Cowboys World Headquarters and practice facility in Frisco, Texas. Developed as a first-of-its-kind partnership between the City of Frisco and Frisco ISD, The Star features Ford Center, a 12,000-seat stadium that hosts Frisco ISD football games and other events; Cowboys Fit, a 60,000 square-foot gym developed in partnership with leading fitness developer, Mark Mastrov; and Cowboys Club, a members-only club where the country club meets the NFL; The Omni Frisco Hotel, a 16-floor, 300-room luxury hotel; Baylor Scott & White Sports Therapy & Research at The Star, a 300,000 square-foot center of excellence for sports medicine set to open in 2018; as well as a variety of shopping, dining and nightlife options.
JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. A Fortune 500 company, JLL helps real estate owners, occupiers and investors achieve their business ambitions. In 2017, JLL had revenue of $7.9 billion and fee revenue of $6.7 billion; managed 4.6 billion square feet, or 423 million square meters; and completed investment sales, acquisitions and finance transactions of approximately $170 billion. At the end of 2017, JLL had nearly 300 corporate offices, operations in over 80 countries and a global workforce of 82,000. As of December 31, 2017, LaSalle had $58.1 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.
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