A Chicago-based real estate investment trust has snapped up an apartment community in Plano’s Legacy Business Park.
JLL Income Property Trust (Nasdaq: ZIPTAX, ZIPTMX, ZIPIAX, ZIPIMX) announced its purchase of the Villas at Legacy for an undisclosed amount. The property is 328-unit complex at 5301 W. Spring Creek Parkway, and boasts amenities including a business center, picnic area with grills, courtyards, a swimming pool, a fitness center and a coffee bar.
Allan Swaringen, president and CEO of JLL Income Property Trust, said his company was attracted to the Villas thanks to its location in a prime suburban market and its proximity to highly-rated schools.
Legacy Business Park houses nearly 100,000 workers, and according to Niche.com, Plano Independent School District ranks fifth in Texas and 81st in the nation.
Largest North Texas Office Parks
Ranked by Square Feet Completed
Rank Property Name Square Feet Completed 1 Las Colinas 26,400,000 2 Legacy Business Park 17,185,000 3 Dallas Market Center 5,000,000 View This List