Cawley Partners Moving Ahead on Plano Office Project
Cawley Partners is taking on the narrative that office projects face strong headwinds. The company has broken ground on the second phase of The Parkwood office campus, a 120,000-square-foot Class A development in Plano, Texas.
Set to rise at the intersection of SEC Windhaven & Dallas Parkways, this phase is slated to feature conference rooms, outdoor patios, a fitness center and a pickleball court. The development is expected to be completed by the end of next year.
The first phase of The Parkwood was delivered in 2022 and encompasses 120,000 square feet. The building is fully occupied, while Phase II is already 43 percent preleased.
Despite economic challenges arising toward the end of the year, the Dallas-Fort Worth office market exhibited strong performance in 2022, as reported by CommercialEdge. The metro area saw a 6.2 percent year-over-year growth in office-using jobs, the highest in the country.