DALLAS—Cawley Partners moves forward with Legacy Center, a 169,000-square-foot office building with the purchase of 12 acres in north Dallas.

The land will be the site of a four-story, tilt-wall office building located on the northwest corner of Legacy Drive and Hedgcoxe Road.  Dallas-based developer, Cawley Partners plans to break ground by the middle of this year with a 10 month build-out.

Space constraints in existing properties and rising rents in the Legacy area are driving tenants to new development, Bill Cawley, chief executive office of Cawley Partners tells GlobeSt.com.

"There is more discipline in this recovery than there has ever been before," says Cawley. "There is less development going on and there is just not any space."

Expanding tenants struggling to find large blocks of space are met with rents in the mid-thirty and forty dollar rents, in some cases, in other new office developments in Legacy. With leasing rates starting at $27.50 plus electricity, Legacy Center is uniquely positioned in the market.

"We are providing the building as the low-cost alternative to current developments being constructed in Legacy, but we are taking it a step further by providing our tenants with features they never thought possible at this price point, a conference room and gathering spot on the roof," adds Cawley.

Morrison, Dilworth + Wallis is the architect on the project and Randy Shipman and Addie Ludwig of Cawley Partners will oversee the leasing.

Knoll Trail Plaza, developed by Cawley Partners, is currently under construction in the Platinum Corridor along the Dallas Parkway. The 120,000-square-foot office building broke ground in December 2013 at 40% leased and will be fully leased before it is completed later this year.