Peloton brings 400 new jobs to Legacy Central
Plano's $300 million Legacy Central project has landed another major business tenant.
Peloton — the fast growing fitness equipment firm — has rented 27,518 square feet of office space.
Peloton's new Plano regional campus on U.S. Highway 75 will be the company's first member support center located outside its New York City headquarters. The firm evaluated locations in multiple U.S. cities before picking the Dallas area.
"Dallas is a very important market for Peloton," Brad Olson, Peloton senior vice president, said in a statement. "Our showroom at NorthPark Center in Dallas has been one of our top performing locations nationally since it opened in 2015.
"And, in just the past nine months, we opened a new showroom at Legacy West in Plano and a field operations site in Arlington," he said. "Plus, we have tens of thousands of Peloton members in Texas to welcome us to town."
Peloton will hire up to 400 people to work in the Plano location.
"Peloton is, at its core, a tech company, so we were drawn to Legacy Central as a hub for leading tech companies," Olson said.
Peloton will join international electronics giant Samsung, which is bringing more than 1,000 jobs to Legacy Central in a consolidation of its North Texas operations.
Legacy Central is being developed by Los Angeles-based Regent Properties, which in 2016 bought the 84-acre former Texas Instruments campus that was built starting in the 1980s at U.S. 75 and Legacy Drive.
Regent Properties has redeveloped the old tech center into a mixed-use project with new office space, retail, conference facilities, additional parking and apartments.
CBRE's Michael Conner, Noreen Mehdi Weathers and Baron Aldrine negotiated the Peloton lease with Nathan Durham with Transwestern.
"The quality of the workforce really sold Peloton on Dallas," CBRE's Conner said.
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