Legacy West, the 1.15 million-square-foot mixed-use destination in Plano, was recently sold to Kite Realty and Singapore’s GIC sovereign wealth fund for a staggering $785 million. The deal marks the largest sale of a mixed-use asset in Dallas-Fort Worth history, according to a news release.
The sale marks the end of a chapter for Invesco Real Estate, which led the project since its 2017 beginning. Working with Prism Places and Open Realty Advisors, Invesco helped turn Legacy West from a speculative idea into one of the country’s top-performing mixed-use developments.
Legacy West Gets Bigger And Better
Under the leadership of Prism Places Founder and CEO Stenn Parton, who has overseen operations since 2019, Legacy West has grown into far more than a retail and office destination.
“It is a privilege to be stewards of this incredible property in such a dynamic community,” said Parton. “Becoming a go-to resource for shopping, leisure and play for guests and delivering meaningful growth to Legacy West has always been our goal.”…