A St Louis-based property investor is upping its holdings in North Texas with the purchase of a Plano office building and another deal in the works. Larson...
The Lincoln Legacy Two building is on the Dallas North Tollway in Plano.A St Louis-based property investor is upping its holdings in North Texas with the purchase of a Plano office building and another deal in the works.Located in Legacy business park, the 130,371-square-foot office property since 2018 has been owned by Dallas’ Pillar Commercial and Maryland-based Artemis Real Estate Partners.
The previous owners made upgrades to the five-story property built in 2014. The building is 90% leased.“Lincoln Legacy Two is one of the premier assets located in one of the nation’s fastest-growing submarkets,” Newmark’s Robert Hill said in a statement. “This transaction reflects the incredible demand we are seeing for best-in-class assets in high-growth submarkets across the state of Texas.”The purchase is the second recent Dallas-area buy for Larson Capital.
Dallas-Fort Worth has been one of the country’s top office investment markets this year, with more than $900 million in property sales.
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