PLANO, TX-KBS Realty Advisors acquired thethree-building, 522,043-square-foot Legacy TownCenter I, II and III from a partnership that includedJPMorgan Chase and BlackstoneGroup. Local media reports put the sales price at $113million, making this commercial real estatetransaction KBS’ largest in the Dallas-Fort Worth area.
The Legacy Town Center office complex was built in 2002 and2006, and is located at the Dallas North Tollway at TennysonParkway in northwest Plano. The office complex is adjacent tovarious amenities, including a 400-room, full-service Marriotthotel and the Shops at Legacy.
The California-based KBS has charged CBRE’sDallas office with the leasing and marketing of the three-buildingoffice property, with Celeste Fowden, DennisBarnes and Burson Holman handling thoseactivities. CBRE will also provide property management services forthe commercial real estate.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
