June 7, 2021 9:00 AM
星空体育app下载 announces the sale of Legacy R&D Portfolio, a 374,085-square-foot, campus-style business park located in Dallas/Fort Worth鈥檚 premier Legacy submarket. 星空体育app下载 Vice Chairman Gary Carr, Chris Murphy, John Alvarado, and Robert Hill, and Director Chase Tagen represented the seller.
Located on 40 acres at Tennyson Parkway and Pinecrest Drive in Plano, Texas, the Legacy R&D Portfolio is 85 percent leased and comprised of seven single-story buildings with modern office and R&D space and surface parking at a well above-market ratio of 6/1,000 per square feet. Completed between 2006 and 2012, the buildings feature significant clear heights, dedicated exterior entrances to tenant suites and no shared HVAC system, making the property extremely appealing to tenants in a post-COVID-19 world.
鈥淭his sale reflects the significant uptick in demand we have seen from tenants and investors alike for single-story research and development space with existing healthcare and life science tenancy, providing a strong base for future re-positioning towards these niche product types,鈥� said Murphy. 鈥淐ompetitive interest in the Legacy R&D Portfolio was also driven by the property鈥檚 expansive site, unique building features and exceptional Legacy address.鈥�
The Legacy R&D Portfolio鈥檚 highly amenitized location features access to best-in-class dining, shopping and entertainment at The Shops at Legacy and Legacy West Urban Village. Proximate to the Dallas North and Sam Rayburn tollways, the Legacy R&D Portfolio is located within 20 minutes of Dallas/Fort Worth International Airport and Dallas Love Field.
About 星空体育app下载
星空体育app下载 Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (鈥溞强仗逵齛pp下载鈥�), is a world leader in commercial real estate services, with a comprehensive suite of investor/owner and occupier services and products. Our integrated platform seamlessly powers every phase of owning or occupying a property. Our services are tailored to every type of client, from owners to occupiers, investors to founders, growing startups to leading companies. Harnessing the power of data, technology, and industry expertise, we bring ingenuity to every exchange, and imagination to every space. Together with London-based partner Knight Frank and independently owned offices, our 18,800 professionals operate from approximately 500 offices around the world, delivering a global perspective and a nimble approach. In 2020, 星空体育app下载 generated revenues in excess of $1.9 billion. To learn more, visit nmrk.com or follow .
Discussion of Forward-Looking Statements about 星空体育app下载
Statements in this document regarding 星空体育app下载 that are not historical facts are “forward-looking statements” that involve risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements. These include statements about the effects of the COVID-19 pandemic on the Company’s business, results, financial position, liquidity and outlook, which may constitute forward-looking statements and are subject to the risk that the actual impact may differ, possibly materially, from what is currently expected. Except as required by law, 星空体育app下载 undertakes no obligation to update any forward-looking statements. For a discussion of additional risks and uncertainties, which could cause actual results to differ from those contained in the forward-looking statements, see 星空体育app下载’s Securities and Exchange Commission filings, including, but not limited to, the risk factors and Special Note on Forward-Looking Information set forth in these filings and any updates to such risk factors and Special Note on Forward-Looking Information contained in subsequent reports on Form 10-K, Form 10-Q or Form 8-K.