Ryan Cos. Tops Out DFW Office Tower
The anchor tenant preleased half the space at the Gensler-designed project.
Ryan Cos. has topped out Ryan Tower, a 23-story, 409,000-square-foot office tower in Plano, Texas, with completion expected by the third quarter of 2024. Anchor tenant Ryan LLC, a global tax and services and software provider, will move its world headquarters to the new Legacy West building.
The milestone marks the structural completion of the building, located on 3.6 acres at the intersection of State Highway 121 and Windrose Avenue. The Minneapolis-based development firm announced plans for the building in October 2021 and broke ground on the Class AA office tower in June 2022.
The property is 50 percent preleased to Ryan LLC, which plans to relocate from Three Galleria Tower in Dallas once the building is finalized. The developer and tenant are not affiliated. Ryan LLC’s lease includes a 15-year term with five-year renewal options, public records show.
Ryan Cos. is also the design-builder and equity partner for Ryan Tower. Koch Real Estate Investments, the real estate investment vehicle for Koch Industries, is Ryan Cos.’ equity partner. Acore Capital is providing at least $125 million in construction financing for the project, according to Collin County records.
Vice President Caroline Leary and Senior Managing Director John Brownlee of JLL are in charge of marketing and leasing the remaining 200,000 square feet of space on floors 12 through 19.
A flexible office building model
Gensler is the architect of the tower. The building was designed to reflect the anchor tenant and promote the workplace of the future, according to Scott Armstrong, a Gensler principal. He also said in prepared remarks that Ryan Tower will offer flexible work environments and floor plates, to accommodate collaborative working, shared workspaces, flexible tenant areas and individual offices.
A fitness center, conference center, tenant lounge, barista-style coffee bar and café will be among the building’s amenities. Outdoor features will include a pickleball court, outdoor terrace, balcony on the 15th floor, bike storage and abundant green space. Ryan Cos. is pursuing Fitwel certification, which includes additional amenities, to maximize the health and wellness of the building tenants.
The office tower is part of Legacy West, a $3 billion mixed-use development with office, retail, hotel and residential components in Plano, about 20 miles north of downtown Dallas. More than 30 retail stores and 20 restaurants are located within the 250-acre Legacy West project. Major companies, including JP Morgan, Toyota and Liberty Mutual, also have space within the development.