The newest office addition to Plano’s Legacy West development is on the verge of welcoming its first tenants. The 409,000-square-foot Ryan Tower will soon be open for business at the corner of State Highway 121 and Windrose Avenue.
The 23-story, Class AA tower is a development of national commercial real estate firm Ryan Cos. U.S., with Gensler serving as the architect.
Upon opening, the building will be 50 percent occupied by anchor tenant Ryan, a North Texas-based global tax services and software provider that is not affiliated with Ryan Cos. The tower will serve as the new global headquarters for the company, led by G. Brint Ryan, when it takes occupancy early next year.
About 29,000 square feet will be occupied by Koch Inc., a well-known Wichita, Kan.-based firm that owns manufacturing, energy, technology, and investments enterprises, including Georgia Pacific and Guardian Industries. Koch Real Estate Investments also partnered on tower development.
The high-profile tower, visible from S.H. 121 and the Dallas North Tollway, includes a fitness center, conference center, tenant lounge, coffee bar, and cafe. Other amenities include an outdoor terrace, balcony, yoga lawn, bike storage, and green space. Tenants will be able to use an onsite shuttle service between the tower and restaurants, retail stores, and other amenities within Legacy West.
“Despite major market headwinds and escalated interest rates creating challenges in market demand, along with increased costs associated with materials and labor, our project team was able to deliver Ryan Tower on time and on budget,” said Hank Biddle, director of development, Ryan Cos., who added that the tower had been “thoughtfully designed and constructed to meet the needs of the modern workforce.”
ACORE Capital provided construction financing for the project. Lincoln Property Co. is providing property management services, and JLL’s T.D. Briggs and Blake Shipley are overseeing leasing of the remaining space. It includes availability on floors 14 through 19, with sizes ranging from 5,000 to 174,366 square feet.
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