Plano-based Heady Investments, in partnership with Scott Beatty and the Beatty family, has decided to build a new office building at the southwest corner of Tennyson Parkway and the Dallas North Tollway in Plano.
Construction on the seven-story, 210,000-square-foot office building, called Legacy South Office Center, is slated to get underway on the 4.4-acre tract by the end of the year.
Terms of the joint venture were undisclosed. Shane Jordan of Jordan Realty Advisors negotiated the venture.
Developer Randy Heady said he decided to build Heady Investments' eighth office building in the Legacy area because all of his firm's projects are filled to capacity.
With this building, Heady Investments has developed more than 1 million square feet of office space in this part of Plano.
The office building is planned to sit adjacent to land owned by the Beatty family, which is in the midst of building additional real estate for restaurants and retailers.
Dallas-based Jack O'Brien & Associates is the project architect of the office building. The general contractor for the project is Ed Henry & Associates.
Stillwater National Bank is providing the construction financing for the project. Sayres Heady and Mark Lewis of Randy Heady & Company Realtors Inc. will lease the building.
The office building is expected to be ready for occupancy in February 2019.