5501 Headquarters Dr Plano, Texas
Located in the thriving Plano submarket, 5501 Headquarters is a 170,000-square-foot, 3-story office building that has been transformed into a premier multi-tenant property. Purchased in December 2019 from single-tenant user Rent-A-Center, the building faced significant challenges when the tenant downsized by 40% during the early months of the pandemic. To reposition the building for success, the ownership team undertook a substantial renovation to convert the property to a multi-tenant layout and added sought-after amenities, including outdoor spaces designed with health and wellness in mind. These targeted improvements, combined with strategic leasing efforts, led to a significant turnaround, achieving 100% occupancy.
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coheracommercial.com
