Thursday, July 24, 2014
LegacyTexas Bank shopping vacant Plano tower for major operation
An empty Plano office tower is attracting attention from a major business tenant.
LegacyTexas Bank is in talks to rent several floors of the former Encana Oil & Gas Tower in West Plano, real estate brokers say.
The Plano-based banking firm would take more than 75,000 square feet of office space in the 12-story high-rise in Legacy business park.
LegacyTexas Bank’s potential lease would be the first such deal in the 300,000-square-foot office building which has been offered to tenants since last year.
The newly-built office tower became vacant when Canada-based Encana decided to discontinue its Plano operations.
Commercial real estate firm JLL has been marketing the vacant tower to other potential tenants.
Earlier this year the real estate leasing agents decided to divide up the building, rather than hunting a business that would take the entire project.
JLL representatives said they can not comment on any pending leases in the property.
But word of LegacyTexas Bank’s potential lease in the building is spreading through Plano real estate circles.
Founded in 1963 as Plano National Bank, LegacyTexas Bank is a fast-growing Texas financial firm.
Late last year the company announced that its operations would be merged with another Plano-based banking firm, ViewPoint Bank.
The combined companies will be known as LegacyTexas Bank. The new bank will have more than 50 branches and about $5 billion in assets.
LegacyTexas Bank’s current head offices are located on Preston Road and ViewPoint Bank has offices on 15th Street in Plano.
Steve Brown- Dallas News