DALLAS—KONE, a global leader in the elevatorand 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 beingdeveloped by Houston-based Sentinel Capital, LLC,in partnership with Centra Partners, LLC andTriad Real Estate, along North CentralExpressway's east side between West Bethany and West McDermottDrives in Allen.

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

“KONE has been growing our capabilities in Allen in order tosupport our elevator and escalator business in North America,” saysRon Bagwill, vice president and director of supplyoperations for KONE Americas. “This new location, with theadditional office space and improved testing facilities, will allowus to continue this trend.”