CTO Offloads Plano Mixed-Use Center for $78M

CTO Realty Growth Inc. has sold The Shops at Legacy North, a 243,000-square-foot mixed-use center in Plano, Texas, for $78 million. Commercial Search reports that the firm had purchased the property in June 2021 for $72.5 million or $306 per square foot. The buyer was Albanese Cormier Management Group.

Completed in 2007, The Shops at Legacy North occupies a 12-acre site at 7300 Dallas Parkway. The property’s retail component, totaling 121,496 square feet, has several eateries on its roster featuring Ebb & Flow, The Capital Grille, Mexican Sugar, Café Istanbul, Sakhuu Thai Plano and Seasons 52. The asset also includes about 121,000 square feet of office space.

The lifestyle center is situated just off the Dallas North Tollway, near the Sam Rayburn Tollway and Texas State Route 289. Downtown Dallas is 23.5 miles south. The property is also within 2 miles of several other retail complexes, including Preston Village Shopping Center and Preston Creek Super Center.

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