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JLL, Cresa Tag Teaming 300,000-SF Legacy Block

PLANO, TX-A friendly rivalry takes an unusual twist as brokers push to fill long-dark class A twins. One's a sublease; one's a direct lease and both are owned by JPMorgan.

By Connie Gore | Updated on April 02, 2008

PLANO, TX-JPMorgan Asset Management has slid a new leasing and management team into the 150,000-sf Legacy Place II, one of two empty class A twins in Legacy Business Park. One fell victim to a build-to-suit relocation and the other went dark following a 2007 merger and acquisition.

The New York City-based owner has Legacy Place II at 5700 Tennyson Pkwy. being marketed on a direct basis after Rent-a-Center negotiated out of its lease. Its sister, Legacy Place I at 5800 Tennyson Pkwy., has been up for grabs nearly six months on a plug n’ play sublease with five years left on the term, without any signs of a space take-back from the former Triad Health Management Systems, now part of Nashville-based Community Health Systems.

The sibling rivalry for tenants has pitted newly seated Jones Lang LaSalle against CresaPartners, driving the seasoned brokers to tag team on marketing. “There are not a vast number of comparable buildings with 300,000 sf. It puts us at a very large advantage,” says Dale Ray, JLL’s managing director. He and JLL vice president Shannon Brown are on the hunt to fill Legacy Place II while the firm’s Jennifer Wood has assumed general manager duties for the day-to-day oversight of the two buildings.

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