Friday, February 20, 2015
West Plano office site hits the market in booming Legacy business park
The vacant property for sale is just east of where construction has started on the $400 million Legacy West urban village.
With the development boom underway in West Plano, the owners of a Legacy business park building have decided to sell two adjacent construction sites.
JLL is marketing what is the last large development tract in the Legacy Town Center project.
The almost 4-acre vacant tract surrounds the former Encana Oil & Gas tower, which is located on the east side of the Dallas North Tollway and north of Legacy Drive.
The property – which is large enough for two office buildings and a parking garage – was originally part of the planned Encana campus.
The Canada-base energy firm pulled out of the project in late 2013.
Since then JLL has been leasing the empty office tower.
And now property owner Cole Real Estate Investments has hired the commercial real estate firm to sell the land.
“It’s right in the heart of Legacy Town Center,” said JLL’s Greg Biggs. “With amount of activity around there we think there will be a lot of interest in these sites.”
The land that’s for sale is just east of where construction is starting on the $400 million Legacy West urban village with hundreds of apartments, shopping, offices and hotel. Toyota Motors’ new North American headquarters site is also nearby.
Biggs said the property could accommodate about 600,000 square feet of office space in two towers.
“We’ve had a number of inquiries about it already,” he said.
JLL is taking bids on the land from interested buyers.
The property was originally planned for three towers. Only one was built.
Steve Brown, The Dallas Morning News