PowerSchool Signs Lease at Plano’s APEX at Legacy

PowerSchool inked a deal to occupy a big chunk of Apex I at Legacy, an office property in Plano.

The cloud-based education software provider is taking 75,000 square feet at the 220,000-square-foot property, according to a release from JLL, which arranged the lease. JLL’s Blake Shipley, Gini Rounsaville and Michael Williams represented the landlord, New York-based Monarch Alternative Capital and Connecticut-based Tourmaline Capital Partners. CBRE’s Stephen Salomon, Will Haynes and Jad Charif represented PowerSchool.

The headquarters move comes after a rocky stretch for PowerSchool, which experienced a massive data breach at the end of 2024 that affected 60 million students and 10 million teachers.

The company’s new lease brings occupancy at the property, at 5801 Headquarters Drive, to 97 percent, the release said. The 14-story office building was built in 2021 and renovated in 2023. Amenities at the property include a gym and outdoor tenant lounge.

Since updates were implemented, the property has secured an 11,400-square-foot lease from Sentry Insurance and a 30,000-square-foot lease from Anderson Merchandisers.

The office building is part of the mixed-use development Apex at Legacy. The project will include a second office building, the 20-story, 350,000-square-foot Apex II, and a 200-key Kimpton Hotel. The development is located across from Plano’s Legacy West, an open-air shopping center with 415,000 square feet of retail and office space, more than 1,300 multifamily units and a 303-key hotel.

The successful lease-up of Apex I highlights the flight to quality trend occurring in Dallas’ office market. Buildings delivered in the last decade, like Apex, have had a much easier time attracting tenants with new amenities. Trophy and Class A space accounted for 73 percent of the first quarter’s leasing volume, according to a recent report from Avison Young. Vacancy at Dallas’ older office buildings, however, continue to prop up the overall market’s vacancy rate, keeping it steady at 24.9 percent.