KBS, based in Newport Beach, California, announced today the signing of 36,419 square feet in leasing at Legacy Town Center in Plano. GoransonBain Ausley, a 20-year-old law firm specializing in family and divorce law, has finalized a long-term renewal and is relocating within Legacy Town Center to a 9,286-square-foot suite. Additionally, Toyota Motor Credit Corporation, a provider of finance and insurance products to authorized Toyota and Lexus dealers, expanded its lease by 27,133 square feet, and now holds a total of 54,266 square feet at Legacy Town Center III. The property is owned by KBS Real Estate Investment Trust III.

Legacy Town Center I-III are three Class A office properties within Legacy Business Park, Dallas-Fort Worth’s premier business park. Legacy Business Park is home to numerous corporate and regional headquarters of Fortune 500 and 1000 companies. Totaling over 522,000 square feet of rentable space, Legacy Town Center I-III are detailed with granite-accented exteriors and lobbies appointed with granite and wood finishes. With ten-foot ceiling designs, the properties offer scenic views of Legacy Town Center and Dallas North Tollway, where over 200,000 commuters pass each day.

Located on Dallas Parkway along the Dallas North Tollway, Legacy Town Center is easily accessible by Tennyson Parkway and Dallas North Tollway. Legacy Town Center I and II were completed in 2002 and building III was completed in 2006. All three properties have earned WireScore Gold and Energy Star designations for their energy-efficiency and top performing capabilities. The property’s rent roll is comprised of a well-diversified mix of 50 tenants, reflective of industries experiencing growth in both Dallas and nationwide.

Legacy Business Park, a prominent retail, business and residential community of Plano, Texas, is a vibrant, pedestrian-oriented mixed-use community. Tenants at the property are within walking distance from The Shops at Legacy, an award-winning retail, dining and entertainment center. With an estimated draw of four million annual visitors, Legacy Town Center’s retail center is one of Legacy’s superior offering amenities, featuring a boutique cinema, sidewalk cafes, restaurants and a variety of boutique shops. Lululemon Athletica, Urban Outfitters, Starbucks Coffee and Cold Stone Creamery are a sampling of the top shopping, dining and entertainment offerings in the complex.

According to Cushman & Wakefield’s Q4 2018 Office report, the Dallas-Fort Worth market experienced a healthy finish to 2018. The population in the region increased an estimated 141,000 year-over-year, reaching a total of 7.6 million residents through the end of December 2018.

“Legacy Town Center is situated in a unique and desirable location in Plano,” said Brett Merz, senior vice president for KBS and asset manager for the property. “We are eager to strengthen our relationship with GoransonBain Ausley and Toyota and hope they will continue to enjoy the numerous amenities that Legacy Town Center has to offer.”

Bill McClung of Cushman & Wakefield represented GoransonBain Ausley, Alan Wood and Wade Clark of JLL represented Toyota Motor Credit Corporation and Dennis Barnes, Jackie Marshall and Alexandra Cullins of CBRE represented KBS in the transaction.

About KBS

KBS is a private equity real estate company and an SEC-registered investment adviser. Founded in 1992 by Peter Bren and Chuck Schreiber, it is recognized as one of the largest commercial office owners globally. Since inception, KBS-affiliated companies have completed transactional activity of approximately $40 billion via 16 separate accounts and six commingled funds, for government and corporate pension funds. Additionally, KBS has sponsored five sovereign wealth funds and seven SEC-registered, non-traded REITs. For more information on KBS, its properties and real estate portfolios, please visit KBS.com. For information about KBS’ current offering, please visit KBSDIRECT.com, open to accredited investors and to Registered Investment Advisers for individual and self-directed IRA accounts with no commission or upfront load and a minimum investment of $25,000.