ALLEN, Tex.--In partnership with the Allen Economic Development Corp. (AEDC), Houston-based Sentinel Capital recently broke ground on the first phase of AllenPlace, a master-planned 22.5-acre, 700,000-square-foot, five-building, class A office park located along the east side of North Central Expressway between Millennium Drive and Butler Drive in Allen.
KONE, a Finland-based elevator and escalator business, announced earlier this year it would be the main tenant, with over 200 company employees, for the $26-million first phase of AllenPlace.
“KONE is a globally recognized company that will generate 200 high-paying jobs in Allen,” Dan Bowman, executive director/CEO for AEDC, told GlobeSt.com. “The project kicks off the first phase of AllenPlace that will provide much-needed office inventory to meet growing demand from existing and relocating companies."
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