Fitness firm Peloton has expanded their North Texas footprint at Legacy Central in Plano, adding more than 100,000 square feet of space for a total of 131,268 square feet. Peloton initially moved into the Legacy Central space in 2018 after selecting Dallas as a key regional hub with site selection guidance from CBRE Labor Analytics and again partnered with CBRE to explore their options before expanding. “Our new building at Legacy Central helps our goal to be the best place to work and will be reflective of our collaborative culture,” said David Deason, senior vice president, real estate, Peloton. “The new additions to the space include a state-of-the art fitness center, wellness and mother’s rooms, and the first ever Peloton corporate training hub to make sure we continue to deliver best-in-class experiences for our members.” Baron Aldrine, executive vice president with CBRE and his team, along with Michael Conner, first vice president, CBRE Labor Analytics, represented Peloton in lease negotiations. Nathan Durham and Duane Henley with Transwestern represented the landlord, Regent Properties. Conner and CBRE’s Labor Analytics Team assisted Peloton with the labor analysis that led them to North Texas. This expansion will allow Peloton to hire up to 1,600 new employees across member support, sales, people, field operations, and other corporate functions, from business leaders to managers and entry-level employees. New York-based Peloton’s expansion strategy focused on determining the best market in the U.S. that could deliver an ample supply of labor and meet the company’s need for highly skilled talent. The assessment of the Plano and overall Dallas-Fort Worth market performed by CBRE Labor Analytics evaluated the concentration of critical labor pools to determine if the market could support Peloton’s growth as they look to hire senior-level talent in departments including customer service, sales, finance, human resources and legal. “Our analysis showed that Plano scores well above the national average across most categories,” said Conner. “In addition to a strong supply of individuals with the skills needed to support the company’s growth, Plano’s higher population growth and higher concentration of bachelor’s and master’s degrees positions it well for long-term sustainability of key talent.” Peloton will remain in their current offices with the additional square footage located in an adjacent one-story building. They plan to occupy the new space in the summer of 2021. “One of the biggest initial draws to the space at Legacy Central was that it gave them the ability to quickly expand when the company was ready to do so,” said Aldrine. “All of the reasons Peloton initially picked Plano have proven to be a fantastic decision for the company. I’m thrilled that we were able to assist them in their expansion as they continue to innovate and grow as a company.” Legacy Central is an expansive 85-acre campus with nearly 1 million square feet of office space. The lease brings the campus to 80 percent occupied. Legacy Central offers a long list of amenities that include a 25,000-square-foot wellness center, a 15,000-square-foot conference center with tenant lounge, a 400-seat farm-to-fork food hall and a network of Wi-Fi-enabled collaborative courtyards. “Our sole focus is to provide a first-class, highly amenitized experience to our tenants,” said Matthew Benbassat, chief operating officer at Regent Properties. “When a tenant as great as Peloton chooses to expand its footprint at our campus, we are extremely proud that the company continues to put trust in us, and we will continue to deliver a great experience for them.”

AmeriLife of Texas leased 2,880SF at 1333 Corporate Drive in Dallas, TX for 5 years. Taylor Lovitt with Morrow Hill represented the tenant and Michael Bowles represented the landlord, Hartman Income REIT.

JLL’s capital markets team has closed the sale of Speedway Logistics Crossing, a new, two-building, Class A+ industrial park totaling 798,246 square feet in a mission-critical location in Fort Worth, Texas. James Campbell Company LLC purchased the asset from Scannell Properties for an undisclosed sum. The state-of-the-art Speedway Logistics Crossing was completed in 2020 and includes one rear-load and one cross-dock building. The property features 36-foot clear heights, deep truck courts, six drive-in doors, 134 dock-high doors, 173 trailer parking spaces, ESFR sprinklers and low office finish. The property is 82 percent leased with over 12 years of average lease term to two tenants. Situated on 54.98 acres at 2660 and 2401 Petty Place, Speedway Logistics Crossing is approximately 1.6 miles from the Intersection of Interstate 35W and SH 114, which provides exceptional regional access. The property is in a region that is part of the Texas Triangle, an area between DFW, Houston and San Antonio that allows tenants to reach more than 25 million people in a matter of hours. Speedway Logistics Crossing is in the North Fort Worth Industrial submarket, one of the most dynamic big box submarkets in the country. The Dallas-Fort Worth industrial market has continued its record-setting growth in 2020 and continues to be one of the top performing markets in the country. JLL reports that strong fundamentals and ongoing demand for space in the DFW market will continue to push rents higher along with new speculative construction well into 2021. “Speedway Logistics Crossing is our sixth development in the Dallas-Fort Worth area, totaling in excess of 3 million square feet of industrial and office space,” said Kris Arviso, managing director, Scannell Properties. “It’s an attractive region for warehouse and light industrial business, and we’re excited to continue building on the momentum we’ve created with our Speedway project.” The JLL capital markets investment advisory team representing the seller was led by senior managing director John Huguenard, managing director Dustin Volz, senior director Stephen Bailey, director Dom Espinosa and Analyst Zach Riebe.