Fitness technology company Peloton—you know, the one with those indoor spin bikes—has agreed to lease 27,518 square feet in Plano’s Legacy Central. The location will be a regional campus to complement Peloton’s New York headquarters.
Peloton will move in during the third quarter of 2018, and plans to hire up to 400 support associates and inside sales reps over the next couple years. According to CBRE, who did labor analytics for Peloton, the company was attracted to the area because of the rich workforce.
Samsung Electronics America is also leasing about 215,000 square feet at Legacy Central at 6600 Chase Oaks Blvd. In late April, the Plano City Council approved $1.79 million in economic incentives for Samsung to consolidate its Plano and Richardson offices—resulting in a workplace for about 1,400 employees. Roland Technology Group and The 20 MSP are also moving into Legacy Central.
In the Peloton lease, CBRE’s Noreen Mehdi Weathers and Baron Aldrine represented the tenant. Transwestern’s Nathan Durham represented the landlord, Regent Properties. Michael Conner and CBRE’s labor analytics team assisted Peloton with the labor analysis that led them to Dallas.
The 1-million-square-foot Legacy Central campus will be completed in August by developer Regent Properties. The campus was formerly Texas Instruments’ headquarters and has been reimagined as an 85-acre urban business center.