JLL Negotiates 12 KSF Lease in Plano, Texas
- Dec 18, 2017
Pape-Dawson Engineers, a civil engineering company, has selected a 11,913-square-foot space in Plano, Texas, for its new Dallas office. JLL teams represented both parties in the lease negotiations.
The five-story Lincoln Legacy Two, located at 5810 Tennyson Parkway, is currently 71 percent occupied. It includes 132,000 square feet of rentable office space, with floor plates as large as 27,404 square feet. Leases range from 2,561 square feet of divisible space to 13,946 square feet of contiguous space.
The property is situated near multiple restaurants and cafés, along Parkwood Boulevard and Legacy Drive. Four hotels are within walking distance of the office building, including the Marriott Plano Legacy Town Center, which recently traded for $104 million. Several apartment communities are located within a three-mile radius, with a population of approximately 85,826 and a median household income of more than $92,000, according to Yardi Matrix. Dallas-Fort Worth International Airport is just over 22 miles away, while Dallas Love Field Airport is 19 miles away.
“Pape-Dawson’s new office solution addresses two of the firm’s primary objectives: securing a convenient location for their clients and growing staff positioning within an area of projected growth for their company. North Texas is one of the most active markets in the U.S. and their firm is situated to capitalize on continued growth in Dallas and the region,” said Steve Thelen, managing director of JLL, in a prepared statement.
Thelen represented Pape-Dawson Engineers in the lease negotiations. Managing Director Jeff Eckert along with Executive Vice President Daryl Mullin and Senior Vice Presidents Blake Shipley and Jay Bailey negotiated the transaction on behalf of the owner, Lincoln Property Co.
Image courtesy of Yardi Matrix