Originally developed in 2012 as a headquarters for Ericsson, the two-building property sits on a 12-acre site featuring modern amenities such as a fitness center, tenant lounge, and an integrated speakeasy. The campus is fully leased to a diverse roster of tenants who have recently completed interior buildouts. Shorenstein intends to further enhance the site by expanding existing outdoor facilities, leveraging its vertically integrated management model to drive asset performance.

Legacy has evolved into a premier corporate hub, attracting major employers including Toyota, Liberty Mutual, and JPMorgan. The area is also seeing significant long-term investment, headlined by AT&T’s planned two-million-square-foot headquarters set to open in 2028. Emily Chou, Vice President at Shorenstein, noted that the acquisition aligns with the firm’s strategy of targeting momentum submarkets poised for rent growth. This purchase follows a broader acquisition spree by the company, which has secured 10 office properties totaling over $1.5 billion in the past two years, with additional deals pending in Nashville and the San Francisco Bay Area.