Foundry Commercial has acquired the former Transamerica office at 2700 W. Plano (photo) and the associated 22 acres of land, so it can build an industrial site on the property. The development, Plano Midpoint, marks Foundry’s seventh office-demolition-to-industrial conversion project and second in Dallas. The 250,000-square-foot 1983 vintage office building will be demolished and two Class-A industrial buildings will be built in its place: one totaling 226,900 square feet and the other 96,100 square feet, both featuring 32-foot clear heights.
Foundry Commercial plans to begin demolition of the existing office building this month. The two new industrial buildings are slated for completion in the first quarter of 2026.
The Plano Midpoint project follows Foundry’s first office-demolition-to-industrial conversion in the state, Horizon Landing, which is currently underway in the DFW Airport submarket. Completion of Horizon Landing’s first building is slated for later this year.
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