Plano, Texas, December 24, 2025
The Shops at Legacy North, a significant mixed-use center in Plano, Texas, has been sold for $78 million. The buyer, ACH Legacy North TX LLC, linked to Albanese Cormier Management Group, aims to leverage ongoing leasing success, with the center currently 85% leased. Highlights include popular dining destinations and a perceived revival in the DFW real estate market, evidenced by a substantial increase in recent transactions.
Plano, Texas
Shops at Legacy North Sells for $78 Million
The Shops at Legacy North, a 243,000-square-foot mixed-use center in Plano, Texas, has been sold for $78 million, which equates to approximately $321 per square foot. The buyer, ACH Legacy North TX LLC, is affiliated with Beaumont-based retail investor Albanese Cormier Management Group. This sale reflects noteworthy leasing activity, with the center now approximately 85% leased. Notable tenants include popular dining establishments such as Jashan, Mexican Sugar, Benihana, Le Beef Steak & Frites, and Wagyu House.
Other Recent Real Estate Transactions in D-FW
Significant investments are also occurring beyond the sale of the Shops at Legacy North. In Frisco, Dr. Matt Richardson and Dr. Jordan Cain acquired approximately one acre of land within the $3 billion Railhead development, intending to construct an 11,000-square-foot building for Texas Facial Aesthetics, with a groundbreaking anticipated in early January.
Meanwhile, Brand Partners, a Dallas-based commercial real estate investment firm, has purchased the Forest Green Shopping Center, a 59,503-square-foot neighborhood retail center located at the intersection of Forest Lane and Greenville Avenue. Plans include extensive exterior renovations featuring a new roof, parking lot resurfacing, facade upgrades, and enhanced landscaping and lighting, with construction expected to commence in early 2026.
Additionally, SPI Advisory, a Texas-based investment group, has acquired two multifamily properties: The Haven at Chisholm Trail, a 328-unit Class B development in southwest Fort Worth, and Canopy at South Lake, a 240-unit Class A complex in Denton.
Market Trends
The Dallas-Fort Worth real estate market is witnessing a revival, showing strong investment activity after a period of slowdown. In the first half of 2025, there were 536 real estate transactions worth a total of $13.5 billion, representing an impressive 89% increase compared to the previous year. This surge is attributed to a decrease in new supply in the market, suggesting that rental rates could potentially rise as early as next year.
Key Features of Recent D-FW Real Estate Transactions
| Transaction | Details |
|---|---|
| Sale of The Shops at Legacy North | Sold for $78 million to ACH Legacy North TX LLC, affiliated with Albanese Cormier Management Group. |
| Plastic Surgeons Acquire Land in Frisco | Dr. Matt Richardson and Dr. Jordan Cain purchased approximately one acre at the Railhead development for an 11,000-square-foot building. |
| Forest Green Shopping Center Acquired | Brand Partners acquired the 59,503-square-foot center; renovations include a new roof and façade modernization, starting early 2026. |
| SPI Advisory Purchases Two Apartment Complexes | Acquired The Haven at Chisholm Trail (328 units) and Canopy at South Lake (240 units); financial terms undisclosed. |
| Surge in D-FW Real Estate Investments | First half of 2025 saw 536 transactions totaling $13.5 billion, an 89% increase from the previous year. |
Frequently Asked Questions (FAQ)
Who purchased The Shops at Legacy North?
The buyer is ACH Legacy North TX LLC, affiliated with Beaumont-based retail investor Albanese Cormier Management Group.
What tenants are located at The Shops at Legacy North?
Tenants include restaurants such as Jashan, Mexican Sugar, Benihana, Le Beef Steak & Frites, and Wagyu House.
What are the planned renovations for the Forest Green Shopping Center?
Planned exterior renovations include a new roof, parking lot resurfacing, façade modernization, and enhanced landscaping and lighting, with work expected to begin in early 2026.
What is the current state of the Dallas-Fort Worth real estate market?
The Dallas-Fort Worth real estate market has seen a resurgence in investment activity after a period of slowdown. In the first half of 2025, there were 536 real estate transactions totaling $13.5 billion, an 89% increase from the previous year. This uptick is driven by a decrease in new supply, which is expected to lead to rising rental rates as early as next year.
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