Wednesday, August 21, 2013

Hines Selling Prime Office Development Site in Plano’s Legacy Business Park

Houston-based real estate developer and investor Hines is selling a high-profile office building site in West Plano’s Legacy business park.
Hines in early 2012 purchased the former Computer Associates campus on Legacy Drive east of the Dalas North Tollway.
The acquisition of the 215,499-square-foot office complex included a 12-acre development site next door.
Hines had planned to build another office project on that land.
But since then Hines has become part of the more than 300-acre Frisco Station development further up the tollway in Frisco. That’s the same project where the Dallas Cowboys are moving their headquarters and practice facilities.
Hines has leased up the old Computer Associates campus to more than 95 percent.
And now Hines has agreed to sell its Legacy land at Legacy and Hedgcox Drive to Cawley Partners and Haggard Property Group.
Cawley and Haggard are looking for tenants to occupy a 4-story, 150,000-square-foot office building they call Legacy Center.
Author: Steve Brown