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October 6, 2021

Ryan Companies to develop 24-storey office tower in Texas, US

The 400,000ft² office tower, designed by architecture firm Gensler, is already 50% pre-leased.

Development firm Ryan Companies has announced its plans to commence the construction of a 24-storey office tower in Plano, Texas, US, in early 2022.

The construction work of the tower, which has already been 50% pre-leased and designed by architecture firm Gensler, is scheduled for completion in Q1 2024.

The Class AA multi-tenant tower is already pre-leased to Ryan, LLC, a global tax services and software provider.

The firm, which is not affiliated with Ryan Companies, will relocate its corporate headquarters from the nearby Galleria Office Towers as an anchor tenant.

Ryan, LLC senior vice-president and chief real estate officer Robert Wertz said: “The office space and immediate surrounding area offer unparalleled amenities that will provide a superb experience for our employees.

“In addition, the location is desirable due to its close proximity to many of our clients and employee residences in the dynamic Plano and Frisco areas.”

JLL plans to lease the remaining 200,000ft² area of the tower, which is located at the intersection of State Highway 121 and Windrose Drive.

The tower will feature several amenities including multiple conference rooms, an on-site fitness centre, a tenant lounge and a café.

Its outdoor amenities will include structured parking, bike storage and manicured green space.

The 400,000ft² office building will be located in Legacy West, a 240-acre mixed-use development with office, hotel, retail and residential areas in the heart of Plano.

The tower is also close to over 30 retailers and 20 restaurants including Tecovas, Tory Burch and West Elm,  among others.

Some of the adjacent corporate tenants include JP Morgan, Liberty Mutual, Toyota and Reata Pharmaceutical.

JLL leasing vice-president Ahnie Sheehy said: “As the return to the office continues to evolve month to month, this space will allow future tenants the ability to live, work and play seamlessly in a true mixed-use environment.”

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