Raising Cane’s Expansion and Other Real Estate News
Raising Cane’s New Office
Renovations are underway at Raising Cane’s Chicken Fingers’ new Plano offices, with the popular chain planning a late 2026 move-in to its new digs. The 400,000-square-foot location at 5320 Legacy Dr., part of the former Electronic Data Systems campus, will significantly expand the company’s North Texas presence.
“We already have more than 650 crew at our current support office and are continually adding crew to support our restaurants as we grow. We’re hiring positions ranging from entry level to president/executive level and estimate we will have well over 1,000 crew at our new office,” a Raising Cane’s spokesperson told The Dallas Morning News in an email.
The renovation, which began late last year, will cost around $70 million, according to the company. Plano sweetened the deal for the Baton Rouge-based company with a $6 million incentive package. Raising Cane’s is gunning for a $10 billion sales benchmark by 2030, up from $1 billion in 2018.
Real Estate Investment and Development
Houston Firm Closes $25M Investment Fund
Pagewood, a Houston real estate investment firm, has closed a $25 million investment fund and is expanding into Dallas-Fort Worth and Central Texas. Paul Coonrod, Pagewood’s founder and managing principal said the fund provides liquidity to capitalize on the region’s high-growth corridors, including developments and acquisitions.
The company added multifamily veterans Susan Pohl as senior vice president and Daniel Burnum as an investment analyst to spearhead its Dallas-Fort Worth and Central Texas push. The firm, which already manages a $300 million Houston portfolio, also plans to leverage a proprietary data science platform to guide its investments in the region.
Ascent Investment Partners Acquires 20-Acre Development
Ascent Investment Partners, a Dallas-based investor, is capitalizing on the industrial boom around McKinney’s burgeoning airport. Earlier this month, the company announced it purchased a 20-acre site next to McKinney National Airport and is adding it to its Ascent Fund II.
“This acquisition underscores our belief that the expansion of the McKinney National Airport is increasing industrial land values in the immediate area and strengthens Ascent’s ability to provide high-quality investments to our investors,” Tom Dosch, co-founder of Ascent, said in a release. McKinney’s 46,000-square-foot commercial terminal is expected to bring passenger service to the airport late next year.
JLL Secures Construction Financing for Industrial Development
JLL Capital Markets announced it secured construction financing for 635 Exchange, a nearly 600,000-square-foot industrial development in Dallas. Three buildings comprise the development, boasting footprints of 144,000, 208,000 and 243,000 square feet.
JLL represented the borrower, a joint venture between Creation Equity and PGIM Real Estate. Financing was secured through a 50/50 syndication between Veritex Bank and Comerica Bank. Construction at the 36-acre site is expected to be completed in October 2026.
Office Leasing and Property Management
Stream to Handle Leasing for Sinclair
Stream Realty Partners has been tapped to handle office leasing, property management and construction management for The Sinclair — a $300 million redevelopment in downtown Dallas. The 429,000-square-foot office tower is part of a mixed-use project that includes 293 apartments and overlooks Kylde Warren Park.
Originally designed by architect I.M. Pei, the property was redeveloped by Dallas’ Shawn Todd and his firm Todd Interests. Stream executive vice president and partner JJ Leonard, senior associate Patrick Cruz, and associate Sam Bass will lead the leasing efforts for the office tower.
Awards and Recognition
Hillwood President Honored
Mike Berry, president of real estate firm Hillwood, received The North Texas Commission’s highest honor — the Dan Petty Regional Visionary Award. The award recognizes transformational leaders whose vision and contributions have significantly advanced the economic vitality of the North Texas region.
Berry, who was honored earlier this month, oversees strategic planning, business development and real estate development across Hillwood’s properties division. This includes AllianceTexas, which is home to more than 590 companies and generates $4.3 billion in annual property taxes.
Conclusion
The real estate market in North Texas is experiencing significant growth and development, with companies like Raising Cane’s and Pagewood expanding their presence in the region. The industrial boom around McKinney’s airport is also attracting investors and developers, with Ascent Investment Partners acquiring a 20-acre site next to the airport. With the help of companies like JLL and Stream Realty Partners, the region is expected to continue to thrive and attract new businesses and investments.
Frequently Asked Questions
Q: What is Raising Cane’s plans for its new office in Plano?
A: Raising Cane’s is planning to move into its new 400,000-square-foot office in Plano in late 2026, with over 1,000 crew members expected to work there.
Q: What is Pagewood’s investment strategy in Dallas-Fort Worth and Central Texas?
A: Pagewood is planning to leverage its $25 million investment fund to capitalize on high-growth corridors in the region, including developments and acquisitions.
Q: What is the significance of the McKinney National Airport expansion?
A: The expansion of the McKinney National Airport is expected to increase industrial land values in the immediate area and bring passenger service to the airport late next year.
Q: What is the role of Stream Realty Partners in the redevelopment of The Sinclair?
A: Stream Realty Partners will handle office leasing, property management, and construction management for The Sinclair, a $300 million redevelopment in downtown Dallas.
Q: What is the Dan Petty Regional Visionary Award?
A: The Dan Petty Regional Visionary Award is the highest honor given by The North Texas Commission, recognizing transformational leaders whose vision and contributions have significantly advanced the economic vitality of the North Texas region.
