Reata to occupy 20-story HQ in Plano
New drug approvals enable pharmaceutical company's move into 327,000 sf building
One of the largest sublease offerings in Plano is off the market.
Reata Pharmaceuticals will be moving into the 20-story, 327,000-square-foot office building at 6100 Legacy Drive in West Plano’s Legacy business complex as its new headquarters location, the Dallas Morning News reported.
The move comes four years after the company announced it would move into the building once finished, but the pandemic and several delayed drug approvals forced it to sublease the space instead, with CBRE marketing the property.
Reata, whose CEO is J. Warren Huff, has been operating in smaller offices around the city in the meantime. But with the recent approval of a new drug to treat a rare neuromuscular disease, in addition to making progress with treating kidney disorders, the company is back on track and ready to move into the glass-clad tower, built by Trammell Crow, the outlet said.
The 6100 Legacy Drive building is the first phase of a four-tower development, spanning 18 acres at the southwest corner of Legacy Drive and Communications Parkway. It’s located in a buzzing area, across the street from the $3 billion Legacy West development with dozens of shops, restaurants and a luxury hotel. Other nearby attractions include the $7 billion mixed-use project known as Hall Park and the new PGA of America campus.
Reata has agreed to a long-term lease at the site, and it hasn’t yet announced its official move-in date.
Reata’s move into the building will put a dent in Plano’s long list of properties available for sublease. Among markets in the Dallas-Fort Worth region with the most square footage for lease, West Plano ranked second with nearly 1.3 million square feet, the outlet said.
Topping that list was Las Colinas with more than 1.5 million square feet. Richardson, Downtown Dallas and the Lower North Tollway rounded out the list, combining for roughly 3 million square feet between the three.
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