New $70 million office park coming to Allen

ALLEN – AllenPlace, a new $70 million office park along US 75, will break ground in September 2013. The complex will cover 468,000 sf and include four buildings and two parking garages. It will also feature a retail shopping center, conference rooms, and fitness center.

Three of the buildings will be four stories tall, while the remaining building will be three stories.

The complex is expected to attract engineering and financial services firms as tenants. The first building is scheduled to be completed in July 2014.

Sentinel Capital LLC is developing the complex and backing it financially. It will purchase the land the complex will be built on incrementally from the Allen Economic Development Corporation, which currently owns it.

"There’s only about 22,000 sf of contiguous floor space available right now in the Allen market," said Greg Nelson, managing director of the Triad Real Estate Consulting Group.