Plano, Texas, December 25, 2025
The Shops at Legacy North in Plano, Texas has been sold for $78 million, marking a significant transaction in the North Texas real estate market. The buyer, ACH Legacy North TX LLC, aims to expand its portfolio in high-demand markets. The center, featuring 243,000 square feet of retail and office space, is known for its diverse mix of tenants and strategic location near major highways. This sale reflects ongoing investor confidence in the area’s commercial real estate landscape.
Plano, Texas – Popular North Texas Shopping Center Sells for $78 Million
Sale Overview
Plano, Texas – The Shops at Legacy North, a prominent mixed-use lifestyle center in Plano, has been sold for $78 million, equating to approximately $321 per square foot. The buyer is ACH Legacy North TX LLC, an entity affiliated with Beaumont-based commercial real estate firm Albanese Cormier Holdings. This sale marks a significant transaction in the North Texas real estate market.
Details of the Sale
The Shops at Legacy North, located at 7300 Dallas Parkway, encompasses 243,000 square feet of space. The property was acquired by CTO Realty Growth Inc. in June 2021 for $72.5 million. Over the past two years, CTO Realty Growth has made substantial leasing progress, achieving approximately 85% occupancy. The center features a diverse mix of tenants, including popular dining establishments such as The Capital Grille, Mexican Sugar, Seasons 52, and Ebb & Flow. The office component of the property includes notable tenants like Unum, Technologent, Timmons Group, BRP, and Shift Digital. The sale was completed on December 19, 2025, and the proceeds are intended to fund future investments, including the recent acquisition of Pompano Citi Centre in Florida.
Background on the Property
Completed in 2007, The Shops at Legacy North is situated on a 12-acre site within the Legacy Town Center area, a 2,665-acre master-planned district in Plano. The center is strategically located near major highways, including the Dallas North Tollway and Sam Rayburn Tollway, providing excellent accessibility. The property is surrounded by a large concentration of Fortune 500 companies, residential neighborhoods, and a well-educated workforce, contributing to its appeal as a prime retail and office destination.
Market Implications
This transaction reflects the continued demand for well-located mixed-use centers in the North Texas region. The sale price of $321 per square foot indicates strong investor confidence in the area’s retail and office market. The proceeds from this sale will enable CTO Realty Growth to reinvest in higher-yielding opportunities, such as the recent acquisition of Pompano Citi Centre in Florida.
About CTO Realty Growth Inc.
CTO Realty Growth Inc. is a real estate investment trust (REIT) specializing in high-quality open-air retail centers located predominantly in high-growth markets across the Southeast and Southwest. The company focuses on properties that offer a mix of retail, office, and residential spaces, catering to diverse tenant needs and consumer preferences.
About Albanese Cormier Holdings
Albanese Cormier Holdings is a Beaumont-based commercial real estate firm known for its investments in retail and mixed-use properties. The firm’s acquisition of The Shops at Legacy North aligns with its strategy to expand its portfolio in high-demand markets and capitalize on the growth of the North Texas region.
About The Shops at Legacy North
The Shops at Legacy North is a mixed-use lifestyle center that combines retail, dining, and office spaces. The center is home to a variety of tenants, including upscale restaurants, boutique retailers, and professional service providers. Its strategic location within the Legacy Town Center area makes it a central hub for both residents and professionals in the Plano area.
About Plano, Texas
Plano is a city located in Collin and Denton counties in the state of Texas. It is part of the Dallas-Fort Worth metropolitan area and is known for its high quality of life, excellent schools, and strong economy. Plano has experienced significant growth in recent years, attracting numerous businesses and residents to the area.
About North Texas
North Texas is a region encompassing the northern part of the state of Texas, including major cities such as Dallas and Fort Worth. The area is known for its diverse economy, cultural attractions, and rapid population growth. North Texas has become a hub for various industries, including technology, healthcare, and retail, contributing to its dynamic real estate market.
About the Legacy Town Center
The Legacy Town Center is a 2,665-acre master-planned district in Plano, Texas. It is one of the premier live-work-play communities in the United States, featuring a mix of residential, commercial, and recreational spaces. The district includes office parks, shopping centers, hotels, and public parks, making it a central hub for business and leisure activities in the region.
About the Dallas North Tollway
The Dallas North Tollway is a major toll road in the Dallas-Fort Worth area, running from downtown Dallas to the northern suburbs. It provides a direct route to various parts of the region, including Plano, and is a key transportation corridor for commuters and businesses. The tollway’s proximity to The Shops at Legacy North enhances the center’s accessibility and appeal.
About the Sam Rayburn Tollway
The Sam Rayburn Tollway, also known as State Highway 121, is a toll road in the Dallas-Fort Worth area that connects the northern suburbs to the eastern and western parts of the region. It intersects with the Dallas North Tollway near The Shops at Legacy North, providing convenient access to the center from various directions.
About the Legacy West Shopping Center
The Legacy West Shopping Center is a mixed-use development located directly across from The Shops at Legacy North. It features a variety of retail, dining, and entertainment options, as well as office spaces and residential units. The proximity of Legacy West enhances the appeal of The Shops at Legacy North, offering visitors and tenants a range of amenities and services in the area.
About the Dallas-Fort Worth Metropolitan Area
The Dallas-Fort Worth metropolitan area, often referred to as the DFW Metroplex, is a large urban region in North Texas. It includes the cities of Dallas and Fort Worth, along with numerous surrounding communities. The area is known for its diverse economy, cultural attractions, and rapid population growth, making it one of the largest metropolitan areas in the United States.
About the North Texas Real Estate Market
The North Texas real estate market is characterized by its rapid growth and development, driven by a strong economy and increasing population. The market includes a mix of residential, commercial, and industrial properties, with a particular emphasis on mixed-use developments that combine retail, office, and residential spaces. The sale of The Shops at Legacy North reflects the ongoing demand for well-located properties in the region.
About the Retail Sector in North Texas
The retail sector in North Texas is diverse and robust, encompassing a wide range of shopping centers, malls, and standalone stores. The sector has experienced significant growth, driven by population increases and economic expansion. Mixed-use centers like The Shops at Legacy North have become popular due to their ability to offer a combination of shopping, dining, and entertainment options in a single location.
About the Office Space Market in North Texas
The office space market in North Texas is dynamic, with a growing demand for both traditional office buildings and flexible workspaces. The region has attracted numerous corporate headquarters and regional offices, contributing to the expansion of office space developments. Properties like The Shops at Legacy North, which offer a mix of retail and office spaces, cater to the evolving needs of businesses and professionals in the area.
About the Legacy Town Center Area
The Legacy Town Center area is a central business district in Plano, Texas, known for its mix of office parks, shopping centers, hotels, and residential communities. The area has become a hub for businesses and residents, offering a live-work-play environment with a variety of amenities and services. The proximity of The Shops at Legacy North to other developments in the Legacy Town Center area enhances its appeal and accessibility.
About the North Texas Economy
The North Texas economy is diverse and growing, with key industries including technology, healthcare, manufacturing, and retail. The region has experienced significant population growth, leading to increased demand for housing, commercial spaces, and services. The strong economy and favorable business climate make North Texas an attractive destination for investors and businesses.
About the Real Estate Investment Trust (REIT) Industry
The Real Estate Investment Trust (REIT) industry involves companies that own, operate, or finance income-producing real estate across a range of property sectors. REITs provide a way for investors to pool their capital to invest in large-scale, diversified portfolios of real estate assets. The sale of The Shops at Legacy North by CTO Realty Growth Inc. is an example of REITs actively managing their portfolios to optimize returns and fund new acquisitions.
About the Commercial Real Estate Market in North Texas
The commercial real estate market in North Texas is robust, with a variety of properties including office buildings, retail centers, industrial facilities, and mixed-use developments. The market has attracted significant investment due to the region’s economic growth and population increases. Mixed-use centers like The Shops at Legacy North are particularly appealing due to their ability to offer a combination of retail, office, and residential spaces in a single location.
About the Legacy Town Center District
The Legacy Town Center district is a vibrant community in Plano, Texas, designed for both living and working. It offers an array of amenities and services that cater to the needs of its residents, making it an attractive location for businesses and individuals alike.
Conclusion
The sale of The Shops at Legacy North for $78 million underscores the robust investment landscape in North Texas, demonstrating investor confidence in the region’s economy. This transaction not only reflects the flourishing retail and office market but also highlights the efficacy of mixed-use developments in attracting patrons and tenants alike. Support for local businesses and initiatives can further enhance Plano’s position as a thriving hub for economic activity. Stay engaged and be a part of the growth narrative that is shaping our community.
Frequently Asked Questions
What was the sale price of The Shops at Legacy North?
The Shops at Legacy North was sold for $78 million, which is approximately $321 per square foot.
Who purchased The Shops at Legacy North?
The buyer of The Shops at Legacy North is ACH Legacy North TX LLC, affiliated with Albanese Cormier Holdings.
What are some features of The Shops at Legacy North?
The Shops at Legacy North encompasses 243,000 square feet of space, hosts popular restaurants like The Capital Grille and Seasons 52, and includes office tenants such as Unum and Technologent.
| Feature | Details |
|---|---|
| Sale Price | $78 million |
| Size | 243,000 square feet |
| Various tenants | The Capital Grille, Mexican Sugar, Seasons 52, Unum, and Technologent |
| Location | 7300 Dallas Parkway, Plano, Texas |
| Acquisition Date | December 19, 2025 |
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