Craig Ranch Unveils Largest Employment District in North Texas in 15 Years Partners with KDC to Lead Corporate District Development

FOR IMMEDIATE RELEASE
May 28, 2010

Craig Ranch Unveils Largest Employment District in North Texas in 15 Years Partners with KDC to Lead Corporate District Development

McKINNEY, TX-- Craig Ranch (craigranchtx.com) unveiled today a $575 million, 250-acre employment district, the largest to be announced in North Texas in 15 years. The development also announced a joint venture with KDC (kdc.com), one of America’s leading commercial real estate development and investment firms, to develop and market the corporate district component located off of SH121 between the North Texas Tollway and North Central Expressway in McKinney.

“We are positioning Craig Ranch to be the top choice for corporate relocations and company headquarters,” said David Craig, master developer of Craig Ranch. “With KDC as our partner, we are gearing up for the market to recover. We are in the best geographic location in North Texas and right in the heart of the growth corridor. This area will see phenomenal growth over the next 10 years and our site gives us prime access to an abundance of well-educated employees.”

Craig said KDC was the perfect fit because of their experience in developing corporate build-to-suit projects, having developed more than 110 facilities over the past decade. Craig Ranch presents an excellent opportunity for corporate users seeking flexibility in office space in a sought after McKinney location.

"We chose Craig Ranch because of its prime location, existing infrastructure and quality of life venues already in place," said Bill Guthrey, senior vice president of KDC. "Our extensive build-to-suit experience and solid relationships with Corporate America makes this an ideal partnership that combines a quality, master-planned environment with KDC's development and marketing experience.”

The employment district is made up of two components: a 160-acre corporate district with the potential to build two million square feet for multi-tenant office buildings and corporate headquarters; and the 90-acre medical district, of which 45% of the acreage has already been purchased by users.

“Because of the large parcels of land, we have a unique opportunity to be very flexible with companies on where they want to build,” said Miles Prestemon, Chief Operating Officer of Craig Ranch. “Whether they want a campus setting, a new-urban feel, a building along the Tollway or overlooking the golf course, we can accommodate all of those options.”

Craig Ranch is located within 30 minutes of DFW Airport and six miles from Collin County Regional Airport. It sits along a nearly two-mile stretch of the 12-lane Sam Rayburn SH121 Tollway with three full on/off interchanges that connect directly to the site. Craig Ranch has unique amenities including the TPC Craig Ranch golf course and the Cooper Fitness Center. More information on the Employment District can be found at craigranchcommercial.com.
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About Craig Ranch
Craig Ranch is a 2,200 acre master-planned business, retail, and residential community in McKinney, Texas – recently ranked by Money Magazine as one of the top 15 “Best Places to Live” in America. Craig Ranch is a high profile, regional point of destination, with its open space and ambiance serving as a natural setting for outdoor concerts, water-inspired events, art fairs and exhibits. Soccer and baseball fields, hike and bike trails and dedicated green space give residents a sense of place they are proud to call home. Craig Ranch is an AT&T Connected Community. Its marquee venues include: the TPC at Craig Ranch, the Michael Johnson Performance Center, the Cooper Fitness Center & Spa at Craig Ranch, the Hospital at Craig Ranch, Dr Pepper StarCenter McKinney at Craig Ranch, The Ball Fields at Craig Ranch and The Premier Soccer Fields at Craig Ranch. More information on Craig Ranch can be found at: craigranchtx.com.

About KDC

KDC, one of America’s leading commercial real estate and investment companies, provides a full range of commercial real estate services including corporate build-to-suit development, acquisitions, corporate facility project/construction management, project financing, asset and land management, and marketing and leasing. KDC is headquartered in Dallas and has offices in Atlanta; Charlotte, N.C.; and Detroit. For more information visit kdc.com.

Media Contact:
Craig Ranch
Carey Marin
carey@lemastergroup.com
(214) 914-1157

KDC
Sydney Townsend
Sunwest Communications
stownsend@sunwestpr.com
(214) 373-1601 or (972) 979-9351

Thank you to everyone who participated in The Games of Craig Ranch! Congratulations to the “GREEN TEAM – THE COBRAS” for the big win. 2 Days of FUN-FUN-FUN (softball tournament, horse shoes, a soccer challenge, poker and bingo, kickball tournament, track and field, basketball and volleyball and golf at the TPC). Ogle Choir sang the Star Spangled Banner to start Day 1 and Glass Apple ended Day 2 with a Beatles Tribute. Thank you to Mayor Brian Loughmiller, David Craig, Miles Prestemon, and Billy Joe Dupree, and Skip Davis.

Jack & Jill Late Stage Cancer Foundation Golf Marathon

"Win 2 Super Bowl Tickets or 2 Dallas Cowboys 2010-2011 Season Tickets by participating in the Jack & Jill Late Stage Cancer Foundation Golf Marathon hosted by TPC Craig Ranch and Mayor Brian Loughmiller on June 28th, 2010."

Jack & Jill at TPC Craig Ranch on June 28th

Brian Loughmiller (McKinney Mayor) and Scott Smith are hosting the 2010 Golf Marathon event at TPC Craig Ranch on June 28th. This event raises funds for "Jack & Jill Late Stage Cancer Foundation". http://www.jajf.org/. Scott can be reached at 972-953-9980 and/or scott.smith@stonebridge-ranch-associates.com.

5K-10K Run on Saturday, May 8 in Craig Ranch

Cooper Fitness in Craig Ranch is hosting a 5K-10K Run on Saturday, May 8. If you would like to participate in this event, please visit: http//www.triumphoverpain.org.

On Thursday, May 20, the Craig Ranch Information Center will host a "Realtor Trolley Tour" from 8:30 am to 10:00 am. Realtors will have an opportunity to tour the community and the its newest addition --The K. Hovnanian model home located at 5901 River Highland in McKinney TX 75070.

The trolley will leave from the Information Center located at 6850 TPC Drive, McKinney TX 75070 at 9:00 am, and a boxed lunch will be served after the tour.

Realtors are encourage to bring their business cards to enter a drawing for American Express Gift Cheques valued at $250.

Reservations are required. Seats are limitied to 25. Call Bea Bryan at 972-529-5700 or bbryan@craigranchtexas.com

Important MCE Opportunity

On Tuesday, May 11, from 10:00 am to 1:00 pm, Lisa Beville with Old Republic Title will be instructing a TREC LEGAL UPDATE MCE course in the NEW K Hovnanian model home in The Villas at Craig Ranch located at 5901 River Highlands in McKinney, TX 75070.

Call 469-396-7680 for directions.

(mandatory / 3 hours credit - course no. 03-03-121-8649-$15.00)

Named as one of the top five communities in the nation, Craig Ranch has it all.

Named as one of the top five communities in the nation, Craig Ranch in McKinney is offering a one-of-a-kind lifestyle that has it all. Whether you are in the market for a townhome, single family or estate home, at Craig Ranch you can enjoy unsurpassed amenities that include soccer, volleyball and baseball fields, hike and bike trails as well as marquee venues such as the prestigious TPC at Craig Ranch golf course & club and Cooper Fitness Center & Spa.

Andy Lilliston and his wife, Jane moved to Craig Ranch in 2007 after living in Plano for 30 years. “Our home sits on one of the main green belts,” said Lilliston. We love to look out and see the green grass! McKinney has always had a ‘small town’ feeling, but offers a lot of ‘big town’ opportunities and Craig Ranch is well thought of in surrounding towns.”

A day in the life of a resident at Craig Ranch might look something like this: after dropping the kids off at one of the nationally acclaimed Frisco ISD schools, swing by the Cooper Fitness Center for a morning workout. Head to work in the corporate center at Craig Ranch, meet a client for a quick round of golf at the TPC and easily make it in time to watch your child’s soccer game. Later that evening, take a walk with the family along the fitness trail. All without ever leaving your neighborhood.

Craig Ranch offers a large variety of family friendly community events for its residents. “Each summer we look forward to the Swim & a Movie at Riverwalk Pool,” said resident Vicki Schmitz. “You get to see so many of your neighbors out for a night of fun. The Rockin' Ranch Moms group is also fantastic. It has been a wonderful way for the entire family to meet neighbors, make friends, and have Texas feel a little bit more like "home."

Two of the newest product offerings at Craig Ranch are the K. Hovnanian in The Villas and the Residences at Grand Lodge. K. Hovnanian will feature seven new floor plans created specifically for Craig Ranch, five of which are single story and targeted toward empty nesters.

Buyers can choose from a Spanish, French or Traditional elevation with floor plans ranging from 2600 to 3200 square feet and most plans offering an optional bonus room. Homes will be priced from the mid-300s to mid-400s. The new model home is now open.

The Residences at Grand Lodge will offer a select few the chance to own one of only 23 ultra-luxurious greenside lodgehomes with exclusive direct access to the world-class TPC Craig Ranch golf course designed by Tom Weiskopf. The exquisite architecture of these privately gated two- and three-story homes combine natural fieldstone and cut limestone exteriors with slate roofs, to create a true lodge feeling. With expansive interiors ranging from 3700- 5400 square feet, residents can build their dreams from a blank canvas or step into a custom home like none other for $1.2 to 2.4 million.

The homes feature an exterior of natural fieldstone and cut limestone with slate roofs that bring to life a true lodge feeling. Standard features include a private elevator, multi-level covered patios, outdoor kitchens and wood burning fireplaces. Each homeowner receives their own exclusive membership to the TPC Craig Ranch as well as many other customized amenities such as direct access onto the course and front row seats to live competitive rounds of the PGA TOUR.

More information on the one-of-a-kind lifestyle you deserve at Craig Ranch can be found at http://www.craigranchtx.com.