PLANO, TX-Lincoln Property Co. has started work on the first leg to a 350,000-sf office project in Legacy Town Center in Far North Dallas, where several developers are locked in a fast-paced race to be the first to deliver class A space. Lincoln’s 207,869-sf spec building, pegged at north of $30 million, will deliver in midsummer 2006.

“We’ve looked at the absorption reports, the vacancy rates and the leasing in Far North Dallas,” says Elliott Prieur, senior vice president for Dallas-based Lincoln, “and we’re comfortable with the product we’re building.” He says Lincoln Legacy One, rising on 4.6 acres at 6860 North Dallas Parkway, is only one of two projects with freeway frontage. Visibility and sign opportunities along the toll road clearly distinguish Lincoln’s project from its competition, according to Prieur.

Prieur says the team has proposals out on 250,000 sf of deals, pushing the space at $25 per sf plus electric. “We’re optimistic,” he says, declining to speculate when the first lease will get inked for the eight-story Lincoln Legacy One, which has a six-story, 150,000-sf sister waiting in the wings for a demand-driven start.

Lincoln’s project is the sixth that it’s built in the town center and the first in three years. With most of its one-million-sf Legacy stock now sold, Lincoln acquired another 4.6 acres from the locally based EDS Corp. and optioned abutting land for the 150,000-sf kid sister.

Lincoln Legacy One, complemented by a 600-space, four-story parking garage, was designed by Good, Fulton & Farrell Architects of Dallas. Constructors & Associates Inc., also from Dallas, is the general contractor. Prieur is teaming with Lincoln vice president Jeff Montgomery and marketing associate Lee Nix to prelease the project.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2023 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2023 ALM Global, LLC. All Rights Reserved.