Fortune 500 Company Magellan Health Expands to The Offices Two at Frisco Station
FRISCO, Texas (April 29, 2020) –VanTrust Real Estate, office developer at Frisco Station, is adding Fortune 500 company Magellan Health to The Offices Two at Frisco Station, a 210,000-square-foot, Class A speculative office building. Located at the northwest quadrant of the Dallas North Tollway and Warren Parkway, the building is the second of five planned office buildings for the office district at Frisco Station, a 242-acre mixed-use development.
Magellan Health, a leader in managing the fastest growing and most complex areas of healthcare, is leasing almost 8,000-square-feet of office space at The Offices Two. Currently employing more than 9,000 nationwide, the Frisco office is planned to open in late summer 2020.
“Magellan Health is a perfect fit for the growing healthcare services corporate community at Frisco Station,” said Chris McCluskey, vice president of development at VanTrust Real Estate. “With the addition of Magellan Health, we will have 83,000-square-feet of The Offices Two leased to healthcare innovators.”
Frisco Station is an entrepreneurial community with modern amenities, flexible workspaces and a vibrant climate that attracts creative and talented minds. The Offices Two at Frisco Station is a mid-rise office tower with structured parking, a fitness center, conference center and tenant lounge. With Frisco Station being one of the first communities built from the ground up with 5G Evolution technology, The Offices Two gives its tenants access to robust communications and power infrastructure that includes dual-power feeds and multiple fiber optic option providers. Additionally, it is adjacent to the Dallas Cowboys’ world headquarters and is within walking distance to more than 50 retail, restaurant and entertainment options at The Star.
“The Offices Two is designed with groundbreaking technology that reduces latency and provides increased reliability,” said Craig Wilson, executive managing director with Cushman & Wakefield’s Tenant Representation Practice Group in Dallas. “With that technology, The Offices Two will be able to substantially support Magellan Health’s mission of delivering innovative and advanced ways of accessing better health.”
With the addition of Magellan Health, The Offices Two at Frisco Station is 75% leased, with 44,000-square-feet of leasable space remaining. The next addition to Frisco Station’s office district, The Offices Three at Frisco Station, is slated for completion in early 2021 and has begun pre-leasing.
About Frisco Station
Frisco Station is a globally recognized, award-winning 242-acre, mixed-use development in Frisco, Texas, one of the fastest-growing communities in the U.S. Located along Frisco’s highly desired North Platinum Corridor, Frisco Station features fully amenitized office, residential and hotel properties adjacent to the Dallas Cowboys’ world headquarters, The Star. A pioneer in mobility innovation, Frisco Station is home to one of the world’s first vertiports to support flying taxis and last year partnered in Texas’ first pilot project to test autonomous vehicles on public roadways. By being one of the first communities in the U.S. built from the ground up with AT&T 5G Evolution, Frisco Station offers its corporate and residential residents with an unprecedented experience of next-generation convenience and productivity. The project is being developed by the Frisco Station Partnership, which is composed of The Rudman Partnership, Hillwood Properties and VanTrust Real Estate.
About VanTrust Real Estate, LLC
VanTrust Real Estate, LLC is a full-service real estate development company. The company acquires and develops real estate assets for the Van Tuyl family portfolio and offers a broad range of real estate services, including acquisition, disposition, development, development services, and asset management. Product types include office, industrial, multifamily, retail, institutional, governmental, hospitality, and recreational. VanTrust works nationally with regional offices in Columbus, Dallas, Phoenix, and Jacksonville with its headquarters in Kansas City, Missouri.
About Magellan Health
Magellan Health, Inc., a Fortune 500 company, is a leader in managing the fastest growing, most complex areas of health, including special populations, complete pharmacy benefits and other specialty areas of healthcare. Magellan supports innovative ways of accessing better health through technology, while remaining focused on the critical personal relationships that are necessary to achieve a healthy, vibrant life. Magellan’s customers include health plans and other managed care organizations, employers, labor unions, various military and governmental agencies and third-party administrators. For more information, visit MagellanHealth.com.
