Class a • 328 Units • Luxury Community • Plano, Texas Executive Summary
Class A • 328 Units • Luxury Community • Plano, Texas Executive Summary JLL is pleased to present investors with the opportunity to acquire Century Legacy Village, a Class A luxury community located adjacent to the renowned Legacy Business Park in Plano, Texas. This 328-unit multifamily property provides an opportunity to increase effective rental rates through the continuation of a unit enhancement program in the heart of one of the fastest growing areas of the nation. Additionally, major relocations were recently announced bringing between 12,000 and 20,000 new jobs within minutes of the Property. Century Legacy Village’s location near top rated schools, major employment hubs, upscale shopping, fine dining destinations, entertainment venues, and outstanding medical facilities offers residents the ultimate living experience. 2 Executive Summary Benefiting from its location within Plano’s “Urban Core,” Century Legacy Village is strategically situated adjacent to Legacy Business Park, a 2,600 acre office park better known as the “Corporate Epicenter” of North Texas. Not only is Legacy home to multiple Fortune 1000 companies, announcements have been recently made by Toyota, FedEx, and Liberty Mutual to move to the area. These organizations combined with many shadow tenants who are expected to also announce relocations soon, will bring over 12,200 jobs to the immediate area. The “Urban Core” of Plano is supported by approximately 13 million square feet of Class A office developments. Over 179,000 employees work within a five mile radius of Century Legacy Village. In addition, over 600,000 square feet of high-quality retail is located within Legacy Town Center, providing the “Urban Core” with a true “Live, Work, Play” atmosphere.
[Show full text]