Transwestern Provides Office Leasing Services for Legacy Central and Park Towers
January 26, 2021
Dallas – Transwestern Real Estate Services (TRS) announces Regent Properties, a real estate development and investment management firm based in Los Angeles, secured approximately 500,000 square feet of leases in 2020 at two of its premier assets, including Legacy Central in Plano, Texas, and Park Towers in Houston’s Uptown submarket. The transactions, representing a mix of new leases, expansions and renewals, demonstrate the important role the physical office plays in supporting a productive and collaborative workforce.
Transwestern Managing Director Doug Little, Executive Vice President David Baker, Vice President Kelli Gault and Associate Jack Scharnberg provide office leasing services for Park Towers at 1333 W. Loop S. Managing Director Duane Henley and Principal Nathan Durham provide leasing services for Legacy Central, located at 6555 Excellence Way in Plano, Texas.
“The large leases that were completed in 2020 not only indicate that companies are bullish on Texas, but also focused on their employees having superior on-site amenities and a walkable environment,” said Durham. “During a historic year for commercial real estate, the success experienced at both of these properties is a testament to the hard work and synergies between Transwestern and Regent. We are excited for what the rest of 2021 will bring.”
Notable transactions at the properties include:
- Peloton expanding its lease to 131,268 square feet at Legacy Central, while simultaneously planning to hire 1,600 workers.
- A Fortune 100 financial corporation executing a new 155,000-square-foot lease at Legacy Central.
- Cadence Bank signing a long-term, 82,215-square-foot lease at Park Towers to also serve as headquarters for the tenant’s holding company, Cadence Bancorporation.
- Tax provider Ryan LLC leasing 66,750 square feet at Park Towers.
Since 2016, Regent has invested over $400M in Texas including more than $100 million combined into renovations for both assets, creating a best-in-class tenant experience. Park Towers, located at the northeast corner of Interstate 610 and Post Oak Boulevard, comprises two 18-story towers over shared structured parking. Legacy Central is an expansive 85-acre campus in the Dallas-Fort Worth metroplex with nearly 1 million square feet of office space offering a long list of amenities that include a wellness center, conference center with tenant lounge, food hall, and a network of Wi-Fi-enabled collaborative courtyards.
“Regent’s goal is to invest in and transform our campuses to include best in class amenities and services to meet the ever-changing demands and desires of our tenants,” said Matthew Benbassat, COO at Regent Properties. “The amazing amount of leasing we were able to accomplish, with the aid of Transwestern’s great leasing teams, during an extraordinary time is a direct reflection of our laser tight focus on listening to and responding to our tenants.”
During its 30-year history, Regent and its principals have acquired, developed, financed and managed over $3 billion in real estate transactions nationally, encompassing more than 21 million square feet of retail, commercial, residential and mixed-use projects and 13,000 acres of master-planned communities representing 31,000 lots. The firm’s investors include large institutions and high-net-worth family offices.
About Transwestern Real Estate Services
Transwestern Real Estate Services (TRS) adds value for investors, owners and occupiers of all commercial property types through a comprehensive perspective and by providing solutions grounded in sound market intelligence. Part of the Transwestern companies, the firm applies a consultative approach to Agency Leasing, Asset Services, Tenant Advisory + Workplace Solutions, Capital Markets, and Research & Investment Analytics.
The privately held Transwestern companies have been delivering a higher level of personalized service and innovative real estate solutions since 1978. An integrated approach formed from fresh ideas drives value for clients across commercial real estate services, development, investment management and opportunistic programs for high-net-worth investors. The firm operates through 34 U.S. offices and global alliances with BNP Paribas Real Estate and Devencore. Learn more at transwestern.com and @Transwestern.