HKS Selected to Reposition JCPenney Campus in Plano
HKS, Inc., the international design firm, today announced that it has been selected to reposition the JCPenney Headquarters in Plano, Texas, by the general partner of the new ownership group, Opportunity Partners.
Dreien purchased the more than 1.8 million-square-foot campus and surrounding 45 acres of land from JCPenney and leased back 1.2 million square feet to the retailer. Dreien plans to optimize and lease the remaining square feet of office rentable space and sell the surrounding 45 acres of land for office, multifamily, condominiums, hotels and retail use.
Sam Ware, CEO and managing partner of Dreien states, “There is not another competing Class A corporate campus with this much contiguous space available in North Texas. The intersection of Highway 121 and the Dallas North Tollway is one of the most desired places for corporate relocations in the country.”
Dreien renamed the complex The Campus at Legacy West and plans to update the current facility and add amenities to set it apart from other corporate campuses. These amenities include an on-site daycare, an updated fitness center, a doctor, a dentist, a pharmacy and a florist. Plans also include expansion of the existing Starbucks and Subway spaces, refresh of existing food service and Work Café and adding space for leading beauty store experience. Dreien also wants to add walking and biking trails and an entertainment component surrounding the lake, which will link to Toyota and JPMorgan Chase new corporate locations as well as the mixed-use Legacy West development.
Dreien hired HKS to redesign the existing campus. This includes master planning the entire site and curating enhanced destination spaces within the building to make it more aesthetically and functionally appealing for today’s tenants.
John Conger and David Quisenberry of Colliers International will lead the leasing team. Currently, the team is seeking large corporate tenants to lease the approximately 600,000 square feet of vacant space. Some space will be available for move-in as early as April 2017.
Edward Bogel and David Davidson Jr. of Davidson & Bogel Real Estate (DB2RE) have been selected to sell the land.
David Davidson Jr. states, “We are finalizing site plans with HKS on the property and our goal is to have it available to all of our prospects by the end of December. The current interest has been both national and international hospitality, office and residential users.”
Over $60 million will be invested to create a true live, work, play community. Phase one of the campus remodel will include base improvements and an additional 1,400 parking spaces. Interiors and the addition of amenities will come during phase two.
HKS, Inc. is a team of more than 1,300 architects, interior designers, urban designers, scientists, artists, anthropologists and other professionals working together across industries and across the globe to create places that delight, heal and stimulate peak performance. The firm has nurtured a culture of extraordinary people with curious and creative minds who are passionate about delivering elegant solutions. HKS has a dedicated research team that digs deep to discover processes and ideas that improve outcomes for everyone. In everything HKS does, it is mindful of the fragility of all life and of the planet.
For more information, contact Ann Kifer at [email protected].