Commercial Property Executive: Equus Capital Acquires Dallas-Area Office Building
Equus Capital Partners Ltd Acquires Lincoln Legacy One
Equus Capital Partners Ltd. has acquired Lincoln Legacy One, a 207,834-square-foot Class A office building situated in the mixed-use park known as Legacy Town Center in Plano, Texas. The property’s previous owner was Germany-based LIC Asset Management, according to Yardi Matrix. The buyer has closed the acquisition on behalf of Equus Investment Partnership XI LP. The company plans to rebrand the property as Gateway at Legacy.
Located at 6860 Dallas Parkway, the eight-story office building was developed in 2006 and is LEED Gold certified. The property, which was 40 percent leased at the time of the sale, sits on a highly visible 4.64-acre site adjacent to the North Dallas Tollway and Tennyson Parkway. It benefits from an amenity-rich location in the vibrant Legacy Town Center. The stellar location offers tenants a best-in-class “live, work, play” environment.
Gateway at Legacy is walking distance from numerous retail, dining and entertainment options at The Shops at Legacy and Legacy West. Combined, the two sites feature more than 600,000 square feet of experiential and service-oriented retail, five hotels, approximately 3,000 apartments, and more than 6 million square feet of office space. Additionally, Stonebriar Mall and The Star at Frisco offer retail options just north of the property, in Frisco. For the full article, visit https://www.cpexecutive.com/post/equus-capital-acquires-dallas-area-office-building/