Sentinel Capital, AEDC Break Ground on Office Park in Metro Dallas

ALLEN, TEXAS — Allen Economic Development Corp. and Sentinel Capital have broken ground on the first phase of AllenPlace. The 22.5-acre, 700,000-square-foot, five-building, Class A office park is located on the east side of North Central Expressway between Millennium Drive and Butler Drive in Allen.  KONE, an elevator and escalator company, announced earlier this year it would be the lead tenant with more than 200 company employees in the $26-million first phase of AllenPlace. In addition to office space, KONE’s commitment includes light manufacturing and test facilities in the first phase of development. Jeff Patman, senior vice president of Site Selection Group, represented KONE in their site selection. Ben Appleby with Paladin Partners represented the landlord, Sentinel Capital, in the transaction. Paladin Partners will be responsible for the leasing at AllenPlace. Houston-based Sentinel Capital LLC is developing AllenPlace in partnership with Centra Partners LLC and Triad Real Estate.