Plano tower sale raises price ceiling for suburban real estatePlano tower sale raises price ceiling for suburban real estatehttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=151382016-11-07T06:00:00Z2016-11-07T22:00:00Z

​​​​PLANO – Boston-based Intercontinental Real Estate Corp. has purchased the Legacy Tower from Trammell Crow Co. and Principal Financial.

Intercontinental paid nearly $140 million, or over $400 per sf, for the two-year-old office tower, the highest per sf price ever in Dallas' northern suburbs.

The previous high point was the $120 million, $375-per-sf sale of the Encana Tower​ in 2012. 

Located at the Dallas North Tollway and Legacy Dr., the 13-story, 342,033-sf office tower is near the $3 billion Legacy West development.

Dallas Morning News
Dallas-Fort Worth-Arlington
http://www.dallasnews.com/business/real-estate/2016/11/03/plano-tower-sale-sets-new-price-point-legacy-business-parkRead more at {Source}

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