Toyota Financial Services is getting ready to put down fresh North Texas roots in Frisco, with plans to occupy the seven-story, 242,000-square-foot mass-timber office at Southstone Yards. The move-in is now targeted for this spring or summer, handing Toyota a high-profile satellite office that adds to, rather than replaces, its nearby North American campus in Plano. Local developers and brokers say the building’s warm timber look, terraces, and outdoor perks helped seal the deal.
As reported by the Dallas Business Journal, Toyota Financial Services has reset its timeline to begin occupying the building in spring or summer 2026. The outlet characterizes the update as a shift in when employees move in, not as a fresh construction delay.
About the building
The Offices at Southstone Yards is a seven-story, mass-timber office tower developed by Crow Holdings Development. According to Crow Holdings, the project totals roughly 242,000 square feet and features outdoor terraces, a fitness and wellness center, and three acres of adjacent parkland.
Why timber matters
The project has been promoted as one of the first large mass-timber office buildings in the Dallas-Fort Worth market, a distinction local outlets tracked as the structure went up. The Dallas Morning News and industry writeups have pointed to timber’s faster construction timelines and potential environmental benefits as key selling points.
Coverage of the lease has also stressed its sheer size. D Magazine reported that the deal is expected to bring about 1,000 Toyota Financial Services employees to the Frisco office, with JLL representing the tenant and CBRE handling the transaction for the developer.
Part of a bigger plan
The timber tower serves as the office anchor for Southstone Yards, a 45-acre mixed-use development planned to include apartments, restaurants, a future hotel, and public green space. Southstone Yards marketing materials highlight terraces, outdoor amenities, and a campus-style layout pitched as a way to coax employees back into office life.
“Toyota Financial Services is pleased to add The Offices at Southstone Yards to supplement our workspace at the nearby Toyota North America Headquarters,” TFS President Scott Cooke said in a company statement. Business Wire published the announcement when the lease was first revealed, noting that the company would become the project’s anchor tenant.
Observers say the lease marks a milestone for mass-timber construction in North Texas. CoStar reported that the project has drawn attention for its carbon-mitigation efforts and for helping push timber into the mainstream of local office development.
With the updated timeline on the books, brokers say the next steps include tenant improvements, city approvals for interior work, and a phased move-in that keeps Toyota’s large Plano headquarters firmly in place. Earlier reporting from The Dallas Morning News underscored that the Frisco location is intended to supplement Toyota’s existing North American operations instead of serving as a full relocation.
