{"id":1004219913,"date":"2018-04-17T01:25:09","date_gmt":"2018-04-17T09:25:09","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004219913"},"modified":"2022-12-08T17:03:17","modified_gmt":"2022-12-09T01:03:17","slug":"samsung-to-relocate-texas-hq-to-plano","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/samsung-to-relocate-texas-hq-to-plano\/","title":{"rendered":"Samsung to Relocate Texas HQ to Plano"},"content":{"rendered":"

By Keith Loria<\/p>\n

\"Legacy<\/a>

Legacy Central<\/p><\/div>\n

Samsung Electronics America Inc. has signed a 216,000-square-foot lease at Building 4 of Legacy Central. The tech giant plans to move about 1,300 employees from its Richardson, Texas,\u00a0headquarters next February to the 1 million-square-foot technology-oriented office<\/a>\u00a0and mixed-use campus in Plano.<\/p>\n

\u201cWe are continuing our strong commitment to North Texas by investing in a new office space at Legacy Central,\u201d <\/em>Tim Baxter, Samsung Electronics North America\u2019s president & CEO, said in a prepared statement. \u201cThis move not only provides us with an opportunity to create an improved workplace experience for our Texas-based employees, but truly showcases our continued investment in our Texas roots.\u201d<\/em><\/p>\n

Regent Properties acquired the asset, located at\u00a06625 Declaration Ave., three years ago. The Los Angeles-based company has invested more than $80 million in common-area capital improvements to transform Texas Instruments\u2019 former campus into a state-of-the-art office center.<\/p>\n

\u201cLegacy Central allows Samsung the ability to have its own building with room to grow,\u201d <\/em>Eric Fleiss, Regent\u2019s CEO, said in prepared remarks. \u201cThe building look and feel supports Samsung’s brand identity, and the amenities and food hall will provide an enjoyable and productive environment for Samsung employees.\u201d<\/em><\/p>\n

Situated on 84 acres, the Legacy Central campus will consist of office space across four buildings. Amenities will include WiFi-enabled courtyards, a 300-person conference hall with an entertainment center, fitness center and a 400-seat food hall that offers on-demand ordering via a mobile app. There are also collaborative courtyards, meeting spaces and jogging trails.<\/p>\n

Transwestern\u2019s Managing Director Duane Henley and Principal Nathan Durham represented Regent Properties in the transaction. JLL Vice Chairman Matt Astrachan, Managing Director Steve Thelen, Executive Vice President Nicole Tiger and Senior Vice Presidents Kimarie Arkenbrand and Simon Landmann negotiated the lease on behalf of Samsung.<\/p>\n

The DFW attraction<\/h2>\n

Downtown Plano is becoming something of a technical renaissance of late. And it\u2019s not just Plano that\u2019s high on investors\u2019 radar as the entire DFW office market<\/a> is getting lots of attention. Transactions exceeding $300\u00a0per square foot\u00a0during the fourth quarter of 2017 included PRP Property Management and AXA Equitable Financial Services\u2019 purchase of the 264,000-square-foot\u00a0FedEx Office Headquarters\u00a0in Far North Dallas for $79.7 million. TA Realty snapped up Berkshire at Preston Center, a 189,000-square-foot property in the Preston Center submarket, for $68.6 million. And Veritex Bank purchased the 96,500-square-foot Veritex Bank Plaza for $41.5 million, or a notable $430 per square foot.<\/p>\n

Last month, Transwestern represented financial services company H. Beck Inc. in a 23,000-square-foot lease to move its headquarters into Research West I, a\u00a0122,500-square-foot\u00a0Washington, D.C.-area office building<\/a>. The tenant plans to occupy its new space this August.<\/p>\n

Image courtesy of Transwestern<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

The electronics giant leased 216,000 square feet at Legacy Central and will transfer 1,300 employees from its Richardson location in early 2019.<\/p>\n","protected":false},"author":451,"featured_media":1004506659,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,1586,21743,21808,21742,21747,15],"tags":[39837,32796,39834,36489,38031,33313],"class_list":["post-1004219913","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-dallas","category-deals","category-featured","category-latest","category-office","category-west","tag-eric-fleiss","tag-jll","tag-regent-properties","tag-samsung","tag-steve-thelen","tag-transwestern"],"acf":[],"yoast_head":"\nSamsung to Relocate Texas HQ to Plano - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/samsung-to-relocate-texas-hq-to-plano\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Samsung to Relocate Texas HQ to Plano\" \/>\n<meta property=\"og:description\" content=\"The electronics giant leased 216,000 square feet at Legacy Central and will transfer 1,300 employees from its Richardson location in early 2019.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/samsung-to-relocate-texas-hq-to-plano\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2018-04-17T09:25:09+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T01:03:17+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/03\/Legacy-Central-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1024\" \/>\n\t<meta property=\"og:image:height\" content=\"689\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Keith Loria\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/samsung-to-relocate-texas-hq-to-plano\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/samsung-to-relocate-texas-hq-to-plano\/\",\"name\":\"Samsung to Relocate Texas HQ to Plano - 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