Rubenstein Partners, a Philadelphia-based real estate investment adviser for value-added office property equity and debt opportunities, announced the acquisition of 5600 Headquarters Drive in the Legacy section of Plano, TX This is the firm’s first endeavor into the Dallas MSA.

“Favorable market dynamics have created compelling opportunities in several of the Western and Southern MSAs, including Dallas.  We believe that 5600 Headquarters Drive is an exciting step that will engage our vertically integrated platform while taking us beyond our traditional markets,” said David Rubenstein, founder and senior managing principal of Rubenstein. 

5600 Headquarters Drive is a 250,000-square-foot office building, consisting of three pods connected by multi-level corridors, situated on a 27-acre site. Rubenstein plans to transform and reposition the property into a modern headquarters-quality destination with improvements including renovation of the main lobby, new wing lobbies, and an upgraded amenities package consisting of new fitness, tenant lounge, conference center, and dining.

Campbell Henry and Jake Young of Lincoln Property Company will act as leasing agents for the property.