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This article describes the development and validation of a theory-based measure of team development. Drawing on 3 independent samples, including multisource and 2-wave data, we found support for the scale’s theoretical multidimensionality. Convergent and discriminant validity was established, and criterion-related validity was determined through the scale’s relation with 3 facets of team effectiveness: viability, extrarole performance, and reputation. We conclude that the 29-item measure is valid and reliable for the assessment of team development. Theoretically, we shed light on the dimensionality of team development and extend the available knowledge on its nomological network. Practical implications for enhancing team effectiveness via team development are discussed.