Gaedeke Group refinances One Legacy West in Plano
JLL Capital Markets secures funds for office property on behalf of ownership
DALLAS, April 23, 2019 – JLL Capital Markets experts announced today the successful refinancing of One Legacy West, a 14-story, 307,824-square-foot, Class A office property located at 7950 Legacy Drive in Plano. The building was developed by Gaedeke Group and was completed in 2017. Featured in Interior Design magazine as one of five global office spaces that employ artistry and imagination and named by Texas Architect as one of its 2018 Design Award featured projects, One Legacy West set the design standard in Dallas’ northern suburbs. JLL Managing Directors Tim Jordan and Mark Brandenburg secured the funds for the ownership group, Gaedeke Group.
“Office demand across North Texas remains high with our strong economic fundamentals and tremendous quality of life attracting new companies to the region and encouraging organic growth from those already here,” said Brandenburg. “One Legacy West is a terrific development for Gaedeke Group given its location within the most active submarket in the region and the property’s immediate access to the strong, growing educated workforce of Far North Dallas.”
With One Legacy West nearing full occupancy, Gaedeke Group recently announced the kick-off of its next project, Two Legacy West. The project will be a Class AA five-star office tower featuring 15-foot floor-to-ceiling windows, and stunning 360-degree views. Two Legacy West is planned LEED Gold and will deliver approximately 300,000 square feet but could expand up to 600,000 square feet. Learn more at http://www.twolegacywest.com/.
Founded in 1995, Gaedeke Group, is a next generation full-service real estate firm that provides investment, acquisition, management, leasing, construction management and portfolio management services. Headquartered in Dallas, Gaedeke Group’s current portfolio encompasses three million square feet of Class A office properties in Arizona, Florida, Tennessee, Texas, and Washington, D.C Principal Real Estate Investors provided the financing.
JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’ in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether a sale, financing, repositioning, advisory or recapitalization execution. In 2017 alone, the firm’s 2,400 Capital Markets specialists completed $170 billion in investment sale and debt and equity transactions globally.
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JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of over 90,000 as of December 31, 2018. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit jll.com