ALLEN, TX--TIG Real Estate Services Inc. has announced plans to build Ridgeview Business Center, a $31-million, 154,000-square-foot, six-story office building set on eight acres optioned by Allen Economic Development Corporation (AEDC) along the Sam Rayburn Tollway between Stacy Road and North Watters Road.

Ridgeview Business Center will be the first office building developed in this corridor in Allen, which includes 1,300 acres of developable land stretching nearly six miles from U.S. 75 southwest to Custer Road between the Sam Rayburn Tollway south service road and Ridgeview Drive. Future land-use plans could likely include office, entertainment and mixed-use development along the corridor.

“The south side of Sam Rayburn Tollway, in Allen, is ready for corporate relocation,” Brad McJunkin, TIG's director of acquisitions and development, told GlobeSt.com. “The schools, wide assortment of quality retail and entertainment venues give the citizens of Allen a quality of life that is second to none. I suspect many of the people who will work in the newly announced corporate facilities will live in Allen. Why not live, work, and play within five minutes of your home? And the corporations who locate here will save dramatically.”