Sale of The Shops at Legacy, Plano, TX

Deal value: $210,000,000

Disposition of a 415,000 sq. ft. mixed-use retail and office center in Plano, Texas, to recycle capital into higher-yielding assets.

The core motivation for this disposition is capital recycling: the seller aims to redeploy proceeds from the sale of a stabilized, high-performing mixed-use asset into higher-yielding investments. This reflects a strategic belief that market conditions in Plano have maximized current value, and that alternative assets or markets now offer superior risk-adjusted returns. Timing is likely driven by strong investor demand for trophy retail and office properties, as well as favorable pricing in the Dallas-Fort Worth region.