DALLAS—KONE, a global leader in the elevator and escalator industry, has committed to be the lead tenant for the $26 million first phase of AllenPlace, a master-planned, 22.5-acre, 700,000-square-foot, five-building Class A office park being developed by Houston-based Sentinel Capital, LLC, in partnership with Centra Partners, LLC and Triad Real Estate, along North Central Expressway’s east side between West Bethany and West McDermott Drives in Allen.

KONE, which currently leases office space in Allen and a testing facility in nearby McKinney, will occupy all of the first building at AllenPlace and a portion of the second building in the first phase of development where they will house their supply operations, research and development department and other product and installation support functions.

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