New building in the works at Legacy West – Dallas Business Journal – Dallas Business Journal






The owner of FedEx Office’s Plano headquarters is planning to add another building to the campus, the Dallas Morning News reports.
PRP Real Estate Investment Management has owned the property since 2017. According to the DMN report, the Washington, D.C.-based company has filed plans with Plano to build an eight-story building to the east of the existing buildings in Legacy Business Park. 
The new office will be 315,000-square foot, and the firm plans to build a five-story parking garage between the two buildings. The property is a part of the $3 billion Legacy West development which also includes offices for JP Morgan, Boeing and Liberty Mutual Insurance. 
The FedEx Office has a long-term lease in its current building, and the complex first opened in 2015. 
PRP Real Estate isn’t the only company developing offices at Legacy West.  
Minneapolis-based Ryan Companies US, Inc announced in October that it is breaking ground on a multi-tenant office tower at Legacy West in Q1 2022.  
The 24-story 400,000-square-foot building is already 50% pre-leased and is set to be completed in 2024. The tower will be designed by Gensler.  
Trammell Crow Co is also planning a new office at Legacy West. The Dallas-based developer is building a 21-story, 327,000-square-foot office tower that has already been leased to Reata Pharmaceuticals Inc. (Nasdaq: RETA). The firm is also developing another property at the Legacy West development that will serve as its new headquarters. According to a previous DMN report, construction on the new headquarters is set to begin in November and be completed in 2023.  
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