AllenPlace office park’s $26 million first phase going up

ALLEN – Construction has begun on the first phase of AllenPlace, a master-planned 22.5-acre, 700,000-sf office park along the east side of North Central Expy. between Millennium Dr. and Butler Dr.

KONE, a leader in the elevator and escalator industry, announced last fall it would be the lead tenant with over 200 company employees for the $26 million first phase of AllenPlace.

The groundbreaking launches 250,000 sf of new construction, including a 102,000-sf office building in which 77,000 sf is available for lease by tenants other than KONE.

In addition to office space, KONE’s commitment includes light manufacturing and test facilities in the first phase of development, according to Site Selection Group Senior Vice President Jeff W. Patman, who represented KONE in their site selection.

“We are very pleased to see construction of Class A office space underway to help KONE expand and grow in Allen, and to fill a critical need for more high-end office space in our community,” said Dan Bowman, AEDC executive director/CEO. 

Sentinel Capital is developing AllenPlace in partnership with the Allen Economic Development Corporation.