In December 2016, Silos Harvesting Partners L.P. purchased the former JCPenney corporate campus in Plano, Texas, to convert the property into a mixed-use development renamed The Campus at Legacy West. On April 5, 2019, Japan-based luxury hotel firm Kintetsu Enterprises Co. of America purchased a portion of the additional 55 developable acres of the land from Silos to build the first Miyako Hotel in Texas.
The 10-story, 250-room five-star hotel and parking garage will be situated between the offices of NTT Data Services – for which Jackson Walker handled the lease that won “Best Office Lease” in D CEO’s 2018 Commercial Real Estate Awards – and Toyota’s new North American headquarters on Legacy Drive at State Highway 121.
Managed by Dallas developer Sam Ware, affiliate Dreien Opportunity Partners acquires, improves, and resells existing commercial real estate properties in the Metroplex.
For more information about the deal, read The Dallas Morning News’ “Japanese luxury hotel firm buys Plano site for first Texas location.”
To explore Jackson Walker’s experience in real estate investment, development, and management and operations, visit the Land Use & Real Estate practice page.
Dallas partner Bryan C. Birkeland’s practice currently focuses on U.S. inbound and outbound real estate investments, consulting clients in a variety of product types and locales. Bryan’s engagement by Texas, national and international clients has spanned development, redevelopment, purchases and sales of various real estate and energy product types and voluntary and involuntary restructuring and rearrangement of distressed assets. Engagements have related to assets throughout the United States, Canada, Mexico, Latin America, Europe and Asia. Since 2007, Bryan has been recognized among The Best Lawyers in America in the area of Real Estate Law. He is a former President and Vice President of Globalaw and a former Chairman of Globalaw’s Membership Committee. Prior to entering private practice, Bryan lectured on oil and gas law at the University of Texas at Austin.
Fort Worth associate Robert “Robby” J. Reeb, III has experience in a wide variety of real estate matters, including commercial leasing, the acquisition and disposition of commercial, multifamily and ranch assets, and the management of landlord-tenant relationships. Robby regularly represents landlords in commercial, retail, and industrial matters, and has represented retail tenants in the Dallas/Fort Worth area. In 2018, he was named to 360 West’s “Top Attorneys” list in the area of Real Estate.
Dallas associate Gaby Rawlings represents clients in real estate transactions using her background in real estate dispute litigation to help her clients achieve their goals in an efficient and effective manner. Gaby prioritizes communication with her clients and works closely with them to understand their objectives and to see their plans through to completion.