Ribbon Leases 100K+ Space at Legacy Central
Ribbon is consolidating several sites in the North Texas area, which consist of more than 100,000 square feet, for better customer service in a centrally located facility and greater operational efficiencies.
PLANO, TX—Ribbon Communications Inc. leased 110,000 square feet of office space at the Legacy Central campus. The move allows the cloud communications software provider to consolidate several locations throughout the Dallas region into one facility and achieve greater operational efficiencies.
“This new lease reinforces our long-term commitment to the Dallas region and provides us with not only a first-class facility that is perfect for retaining and attracting top tech talent, but also an ideal location to host our global customers and partners,” said Doug Carles, vice president of global real estate for Ribbon. “In addition to the modern class-A office space, Ribbon is building out a state-of-the-art R&D lab and customer support center, through which multiple products and solutions are developed and supported.”
Relocating from 3605 E. Plano Pkwy. approximately 5 miles away, Ribbon Communications was attracted to the campus environment with abundant amenities.
“We are consolidating several sites in the North Texas area including facilities in Richardson, Plano and Dallas, which consists of more than 100,000 square feet of space,” Carles tells GlobeSt.com. “We expect to occupy our new space in building LC1 of Legacy Central in early 2020. These moves allow us to better serve our customers in a centrally located state-of-the-art facility and achieve greater operational efficiencies by consolidating into one site.”
Legacy Central is a 950,000-square-foot class-A campus spanning 85 acres at the intersection of Central Expressway and Legacy Drive. The property features a 24,000-square-foot fitness center operated by LifeStart that includes a full indoor basketball court and competition-length swimming pool. It also has a 10,000-square-foot conference center and a 400-seat food hall operated by Bon Appetit.
“The exceptional amenities in their new high-tech space will provide the company with a cohesive environment for their North Texas employees as they continue to grow,” said Baron Aldrine, executive vice president, CBRE.
Aldrine, Steve Rigby and Layne Mayfield of CBRE provided the tenant representation for Ribbon and Transwestern’s Nathan Durham, senior vice president, and Duane Henley, managing director, represented building owner Regent Properties.
“We trust that the unrivaled amenities and collaborative outdoor space will provide Ribbon an amazing workplace environment for many years to come,” said Matthew Benbassat, chief operating officer at Regent Properties.
Ribbon Communication joins notable tenants at Legacy Central including Samsung, Peloton, Spaces, Roland Technology Group and Adroit Health Group. The campus is comprised of four office buildings and a multifamily community by Trammell Crow Residential, with plans for a second multifamily complex, a hotel, and additional restaurants and retail. It currently has 410,000 square feet of office space for lease.
“We look forward to continuing this leasing momentum for the remaining space at the campus, which is ideally suited for companies in the technology, healthcare, aerospace, defense and financial services sectors,” Durham tells GlobeSt.com.
Plano is a key location in North Dallas providing businesses access to a highly skilled and educated labor pool. Approximately 30 miles from the Dallas-Fort Worth International Airport, Plano has attracted some of the world’s largest corporations.
The second quarter marks the 10-year anniversary of the current economic expansion and the North Texas economy is in high gear. Dallas-Fort Worth’s economy added 120,000 jobs or 3.2% during the 12-month period ending in June, the largest annual increase in four years, according to a second quarter report by Transwestern. Contributing more than 38% of the total statewide gains, the DFW region added more jobs than 47 states and ranked second only to the New York metro, which added just 3,800 more jobs than DFW.
The professional and business services industry sector accounted for most of the growth, adding 31,400 new jobs. Leisure/hospitality and the education and health services sectors rounded out the top three largest industries. The only sector that experienced contraction was the information sector.