In 1978, H. Ross Perot completed the acquisition of 2,665 acres in North Plano, with the idea of creating a first-class corporate headquarters park. Today, about 45,000 people live and work in Legacy. It’s home to more than 30 major employers, 35 restaurants, 50 retail stores, 600 hotel rooms, and 3,300 residential homes.
Real Points
Daily Reports on Commercial Real Estate
Articles by Greg Biggs
-
OfficeBase office rents for Class A space in Dallas range anywhere from one-half to one-fourth of what’s charged for East Coast properties. But North Texas has a big advantage when it comes to operating expenses, too. For example, a company that leases 50,000 square feet can save about $297,000 a year if it picks Dallas over Boston. That’s nearly $3 million during the course of a 10-year lease.
-
OfficeWith just 5.5 million square feet in 137 buildings, Preston Center is the smallest submarket in Dallas. Its bragging rights come from its traditionally high occupancy rates. Strong leasing activity continues to drive up lease rates in Preston Center—and has developers scrambling to find new construction sites.
-
OfficeAs we get back to work after the 4th of July holiday, we are reminded that the business world in Dallas slows down during July and August. Although there have been a few significant office deals announced recently, leasing momentum has hit a stall, according to a number of brokers in town. This is typical of our market.
-
OfficeTwo submarkets—the Dallas CBD/Uptown and the Legacy area of Plano—are very active and have limited options for large blocks of available Class A+ space. That’s why developers have at least eight new office projects ready to go.
Welcome to D Real Estate Daily, a news site brought to you by D Magazine Partners
Email Newsletter
Sectors
Submarkets
From D CEO
More From D CEO »
Deals
More Deals »- Hand & Stone Massage and Facial Spa has leased 3,287 square feet of retail space in The Centre at Preston Ridge Shopping Center in Frisco. More »
- Arlington Independent School District has leased 28,592 square feet of government space at 690 E. Lamar Blvd. in Arlington. More »
- Proton Partners LP has purchased two buildings with a total of 37,771 square feet of office space at 14330 Midway Road in Farmers Branch. More »
- Pharmacy Corp. of America has leased 18,193 square feet of industrial space in One Paddock Place at 2214 Paddock Way in Grand Prairie. More »
- DXP Enterprises Inc. has leased 13,313 square feet of industrial space in Westfork Center Building B at 1515 Avenue S in Grand Prairie. More »
- Bill Sheahan Designs LLC has leased 1,033 square feet of retail space at 6969 Hillcrest Ave. in University Park. More »
