An expansive office campus spread over more than 80 acres in Plano is now up for sale.
Known as The Campus at Legacy, this property includes two buildings that offer over 777,000 square feet of rentable space, according to the sales materials.
The property is being marketed by JLL Capital Markets as a value-add opportunity or a potential corporate headquarters, with a sales team led by Andrew Levy and Jonathan Napper.
Located at 5340 and 5360 Legacy Drive, the campus is currently occupied at a rate of 57.6%.
It is located in Plano’s Legacy submarket, near the proposed multibillion-dollar Texas Research Quarter by Dallas-based NexPoint, which is expected to create thousands of jobs in the life sciences sector.
Initially built in 1986 as the hub for Ross Perot’s Electronic Data Systems, it now houses the North Texas corporate headquarters of companies like behavioral health firm Oceans Healthcare and mortgage platform Optimal Blue.
Whetstone Legacy Campus LP owns 5340 and 5360 Legacy Drive, at least according to the Collin County Appraisal District’s listings. However, in a filing to the Texas Department of Licensing and Regulation, it was an entity previously connected to Spear Street Capital.
However, Spear Street Capital lists the property as an asset it has sold on its website. Almost a decade ago, Spear Street Capital redeveloped the campus with Dallas-based developer KDC before finally acquiring KDC’s stake.
