BH Properties acquired Legacy R&D, a 374,085-square-foot business park in the Legacy submarket of Plano. The company plans to convert the space from 100% office to office/warehouse flex space. The 374,000-square-foot property is on 40 acres at 6400-6700 Pinecrest Drive and 5212-5220 Tennyson Parkway.

Legacy R&D is a seven-building business campus that provides tenants with access to thoroughfares such as the Dallas North Tollway and State Highway 121. Corporate headquarters, retail, and mixed-use developments surround it. 

Currently, 58% leased, BH’s Jim Brooks says the development is ripe for change, “Given the strong demand for flex and industrial space in the area, we see significant upside potential through strategic repositioning and leasing efforts.” 

Eastdil Secured’s Dallas investment sales team, led by Elizabeth Malone and K.C. Scheipe, represented the seller, while Scott Henry with BH Properties locally, represented the buyer.

Stream Realty’s Chase Lopez, James Mantzuranis, and Sam Bass in Dallas will be representing BH on leasing.