Ryan Tower, a newly constructed office tower in Plano’s Legacy West development, will soon be ready to welcome tenants.
The Class AA tower, located at the corner of State Highway 121 and Windrose Avenue, stands 23 stories high. Once the 409,000-square-foot building officially opens, half of the office space will be occupied by a single tenant, global tax services and software provider Ryan LLC, reported D Magazine. The tax firm is not affiliated with the tower’s developer, Ryan Cos., even though they coincidentally share a similar name.
Ryan LLC will use the tower as its new global headquarters. The firm is expected to move into the new space in early 2025.
Koch, Inc., a multinational conglomerate based in Wichita, Kansas, has leased roughly 29,000 square feet of the building. Koch Real Estate Investments was also a partner in the development of Ryan Tower.
The new building boasts a fitness center of over 3,500 square feet, a café, a coffee bar, a grab-n-go food market, and a tenant lounge. As previously reported by The Dallas Express, the Legacy West area is home to numerous corporate giants, including Toyota, Boeing, J.P. Morgan, and FedEx.
Hank Biddle, director of development at Ryan Cos., says the tower project came together despite multiple challenges.
“Despite major market headwinds and escalated interest rates creating challenges in market demand, along with increased costs associated with materials and labor, our project team was able to deliver Ryan Tower on time and on budget,” Biddle said, per D Magazine.
ACORE Capital provided financing for the tower. Lincoln Property Company, which recently started working on Brookhollow Business Center on Empire Central Drive, will provide property management services for the new building.
JLL’s T.D. Briggs and Blake Shipley are responsible for leasing the remaining space. As of November 29, the Ryan Tower website lists just over 205,000 square feet of available space.