The FedEx Offices and Print Services headquarters campus in Plano’s Legacy West has sold to a Washington D.C.-based investment group.
PRP Real Estate Investment Management announced in a news release on Nov. 19 the acquisition of the 264,000-square-foot campus, which opened in 2015. The headquarters is fully leased to FedEx, according to the statement.
PRP President Paul Dougherty cited the headquarters’ central location, its proximity to the Dallas/Fort Worth International Airport and the amenities offered by Legacy West as key reasons for the acquisition.
“Legacy West’s amenities offer an enticing amenity package to its visitors and workforce and has attracted some of the world’s largest and most successful corporations to its tenancy,” Dougherty said in a statement.
PRP acquired the campus in partnership with AXA Investment Managers, according to the release.
“When this opportunity in Texas arose, it was only natural that we looked to AXA as our partner on this investment,” noted Dougherty. “AXA has proven to be a solid partner and we look forward to maximizing this investment alongside their team.”
The headquarters are home to approximately 1,200 employees, a FedEx company spokesperson previously told Community Impact Newspaper.
Representatives from PRP were not immediately available for comment about the sale price.