Another Coworking Operation Is Coming to Plano's Legacy Business Park

Plano has landed another coworking operation.International Workspace Group's Spaces shared office operation is taking more than 47,000 square feet in the Shops at Legacy in Plano.The new coworking center is set to open in October on Legacy Drive, east of the Dallas North Tollway.The Shops at Legacy location is one of four new Spaces shared office centers set to open in the next six months, including three in Plano.The first of these new shared office centers opens next week at the Legacy Central campus at 6550 Chase Oaks Blvd in Plano near U.S. Highway 75.Another Spaces location is planned at the West Plano Village on the Dallas North Tollway.Together, these new operations add up to more than 170,000 square feet, according to CBRE, which negotiated the leases.Spaces already has locations in Southlake, Uptown Dallas and one opening soon in the Epic development in Deep Ellum."Dallas is a great, dynamic and vibrant city with very distinct submarkets," Michael Berretta, Vice President of Network Development for IWG, said in a statement. "We are building an extensive network of locations across these submarkets to ensure our members have easily accessible locations close to home or to their clients."Dallas-Fort Worth is the seventh largest market in the U.S. for shared office operations. Coworking firms occupy more than 3 million square feet in North Texas and are the fastest growing segment of the office market.Along with spaces, coworking firms WeWork, Venture X, Industrious and Common Desk also have locations in Plano."The pace of change is accelerating faster than ever before and companies are looking to maximize real estate agility to address their portfolio needs and to maintain a competitive edge," CBRE's Steve Rigby said in a statement. "Flexible office space is now going mainstream as companies across the spectrum are integrating more agile co-working spaces within their longer-term enterprise solutions."Rigby, Baron Aldrine, Mike Cleary, Mike Kay and Pete Danna represented Spaces in its new Dallas' location leases.  Continue reading...