KDC sells its stake in The Campus at Legacy

PLANO – KDC has sold its remaining interest in The Campus at Legacy in Plano to its equity partner, Spear Street Capital.
 
The companies originally purchased 2.75 million sf of assets across the U.S. in 2005 from Electronic Data Systems (EDS).

It redeveloped The Campus at Legacy into a 107-acre, multitenant corporate campus, with the first phase of renovations wrapped up in 2008.
 
Since then, KDC has leased more than 1 million sf at the site, taking occupancy to about 98 percent.

KDC recently announced it will develop a large $1.5 billion mixed-use development in Richardson, which will house State Farm in 1.5 million sf of office space.
 
When KDC initially acquired the former EDS headquarters, the firm spent a significant amount of money, and years, redeveloping the  property.

Read more at Real Points and the Dallas Business Journal.