A Legacy business park office campus is getting a reboot to be ready for returning office workers.
Investor KBS is renovating its three-building Legacy Town Center office complex on the Dallas North Tollway near Legacy Drive in Plano.
The offices, with more than a half million square feet of space, are being revamped as part of a broader program by California-based KBS to upgrade its Dallas-area office holdings.
“We always like to reinvest in our assets to provide the best work environment for our customers,” said Brett Merz, senior vice president and KBS’ Dallas market leader. “If we don’t do that, we are going to end up losing tenants.”
KBS has owned the Legacy Town Center buildings since 2012, and the properties are about 90% leased.
Still, with workers headed back to the office as the COVID-19 pandemic eases and more firms relocate from out of state to North Texas, KBS wanted to hit the refresh button on its Plano buildings.
It’s a quick execution for them to get in the office if the space is already built out for them.
“We are seeing an uptick in people coming back in the workspace,” Merz said. “We want to encourage that and make our customers feel excited and safe to come back.
“And with all the companies relocating to Texas from other parts of the country, if we have spaces ready to go for them, it makes relocating so much easier.”
KBS has built two speculative office suites at Legacy Town Center. And the landlord has completed work on a conference center and fitness facility upgrades.
The buildings were constructed in 2002.
“We are just now kicking off lobby renovations for Legacy Town Center III, and the plan for next year is to do lobby renovations for Legacy Town Center I and II,” Merz said. “We feel it’s time to modernize the lobbies.”
KBS recently wrapped up a more extensive redo of its three-building Preston Commons office towers on Preston Road near Northwest Highway. The owners spent $10 million on the project.
The company has also made improvements at its Providence Towers building on the Dallas North Tollway in Farmers Branch.
The investor owns almost 3 million square feet of properties in the Dallas-Fort Worth area.
“We have holdings in Houston, San Antonio and Austin as well,” Merz said. “Throughout the state of Texas, we have about 5.5 million square feet.