Since acquiring the R&D at Legacy business park in Plano a year ago, BH Properties has secured five headquarters leases at the property, according to a statement from Stream Realty, which manages leasing for the site.
The Los Angeles-based company purchased the seven-building complex—totaling 375,000 square feet and located at 6400-6700 Pinecrest Drive and 5212-5220 Tennyson Parkway—in February 2025. Since then, BH Properties has updated buildings originally constructed between 2006 and 2012 and converted some space to flex industrial use. The new agreements consist of three new leases and two expansions, totaling 74,812 square feet. These deals have increased occupancy by nearly 20 percent, bringing total occupancy to 72 percent.
Among the tenants is Riken Vitamin Co., a Japanese food additive manufacturer that relocated its U.S. headquarters from California to Plano with a lease for 12,653 square feet. Doug Carignan and Landon Brune of CBRE represented Riken Vitamin Co.
Ojos Locos Sports Cantina also chose R&D at Legacy for its headquarters, signing on for 15,004 square feet. Frank Puskarich and Mac Henderson of Newmark represented Ojos Locos Sports Cantina.
US Youth Soccer is moving its headquarters from Frisco to Plano with a lease covering 10,952 square feet; Dave Peterson of NAI Robert Lynn acted as their representative.
Airspan Networks expanded its presence by adding 12,363 square feet—bringing its total footprint at the property to 26,000 square feet—and consolidated operations previously based in Florida and California into Plano. Josh Walpole of Walpole Realty Group represented Airspan Networks.
Vector Power also increased its headquarters space by an additional 7,828 square feet for a total of 15,004 square feet; Tor Erickson and Roy Reis of Telos Real Estate represented Vector Power.
The Dallas office market has seen uneven recovery since the pandemic. Suburban areas like Plano are outperforming central Dallas in terms of occupancy rates. By the end of the fourth quarter last year, vacancy rates in downtown Dallas reached nearly 29.5 percent compared to about 21.1 percent in suburban markets such as Plano (https://www.colliers.com/en/research/dallas-fort-worth/2023-q4-office-market-report).
Plano’s gains have sometimes come as companies leave downtown Dallas behind. In January this year, AT&T announced it would relocate its global headquarters from downtown Dallas to Plano—a move that will leave behind about two million square feet of office space (https://therealdeal.com/texas/dallas/2024/01/16/att-ditches-downtown-dallas-opts-to-build-global-hq-in-plano/).
