Dallas’ Highland Capital just bought Plano’s huge former EDS HQ

One of Plano’s biggest business campuses has been bought by an investment firm that’s closing out 2018 on a buying spree.

The 1.6 million-square-foot former Electronic Data Systems office complex has been purchased by Dallas’ Highland Capital Management, deed records show.

Opened in 1992, the sprawling complex is just east of the Dallas North Tollway on Legacy Drive.

The property — owned since 2008 by Hewlett Packard and, most recently, DXC Technology — has been up for sale since this summer. It was expected to bring close to $125 million at sale.

Commercial property firm CBRE marketed the property, and CBRE senior vice president John Alvarado confirmed the deal has closed.

The former EDS complex has two eight-story buildings connected by an upper-level bridge of office space. The unique office complex was the brainchild of EDS founder H. Ross Perot Sr., who built the surrounding Legacy business park and relocated his company to Plano from North Dallas.

Hewlett Packard bought Electronic Data Systems in 2008 and later created HP Enterprise. DXC was formed in 2017 when HP Enterprise merged with CSC to become an IT services giant with $26 billion in annual revenue.

Steve Brown, Real Estate Editor

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