Tuesday, July 22, 2014
Strong leasing has Trammell Crow looking at second Plano office project
With strong leasing activity in its new Plano office tower, developer Trammell Crow Co. is pushing ahead with plans for a second building, property brokers.
Having completed leases with Murchison Oil & Gas and UBS, Crow has other significant deals for the building in the works, leasing agents say.
That’s why the developer is crafting designs for another building in Legacy business park on the Dallas North Tollway.
When Crow announced it’s Legacy Tower two years ago, the commercial builder and its partner Principal Real Estate said they had enough land for a second office building on the south end of the block.
Original architects’ drawings showed a 7-story building.
But that was before the success of the first-phase 13-story tower, which opens in September.
Both Crow’s Legacy Tower and the nearby Granite Park IV building have see a rush of office leasing in what are two of the newest buildings in West Plano.
The Granite Park IV building is more than 60 percent rented.
And developer Granite Properties is already designing another high-rise office project on an adjoining site.
Steve Brown- Dallas News