New Richardson Office Building Lures Huge Tenant From Plano's Legacy Business Park

Richardson's newest office project has landed several high-profile tenants - including a major move from Plano.DXC Technology - an affiliate of Hewlett Packard - is moving its local office from the former Electronic Data Systems campus in Plano's Legacy business park to the new 3400 at CityLine building on U.S. Highway 75.DXC Technology's 100,300-square-foot lease in the new Richardson building - one of the largest in the last year in the Telecom Corridor - comes after the recent sale of the old EDS campus to Dallas' Highland Capital. DXC was the last major tenant in the more than 1 million square-foot office complex.Highland Capital plans to redevelop the huge building.The 5-story 3400 at CityLine office project was developed by UBS Asset Management and Transwestern Development Co. at U.S. 75 and Renner Road adjacent to the $1.5 billion CityLine mixed-use development.BOKA Powell designed the project, which includes a fitness center, a yoga garden and a parking garage with space for more than 1,000 cars.Along with the DXC Technology lease, Dallas-based coworking firm Common Desk will occupy 31,500 square feet in the building."We are excited to partner with 3400 at CityLine to further expand Common Desk's platform within the Metroplex," Nick Clark, CEO of Common Desk, said in a statement. "3400 at CityLine is Richardson's premier asset and perfectly aligns with our commitment to creating a comfortable, collaborative and productive environment with all the amenities desired by today's top professionals."AT&T Services' advertising analytics group, Xandr, has also leased 24,700 square feet in the building.Dallas-based investment banking firm Generational Group LLC is also moving its headquarters to the building.The new deals bring the project to 60 percent leased."We could not be more pleased with the industry mix, corporate brand and long-term commitments that collectively define the group," Will Paton, Vice President at Transwestern Development, said in a statement.Transwestern Commercial Services' Duane Henley and Nathan Durham negotiated the new leases.The building is owned by a venture of Transwestern Development, a fund advised by UBS Asset Management and Dallas' Malouf Interests.  Continue reading...

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