121 Technology Park: Allen’s New Industrial Powerhouse Driving Innovation, Jobs and Regional Economic Growth
December 3, 2025
(DECEMBER 3, 2025 – ALLEN, TEXAS) Rising prominently along the Sam Rayburn Tollway, 121 Technology Park has quickly become one of North Texas’ most significant new industrial and advanced manufacturing destinations. With more than 739,000 square feet across seven Class A buildings, including build-to-suit options, the master-planned development is redefining the way modern business is done in Allen.
Developed by Stillwater Capital and NHK Capital Partners, in partnership with the Allen Economic Development Corporation, the project is designed to support manufacturers, technology firms, corporate flex users and industrial operators seeking premium space in a strategic location.
Built for high-performance users, the park offers 2,500 amps of three-phase power, 28- to 32-foot clear heights, extensive dock-high loading and flexible configurations ranging from ±20,000 to ±148,000 square feet. Its high image modern design, efficient layouts and customizable office options make it an ideal choice for companies looking to consolidate production, research and development, and front-office operations under one roof.
Beyond the buildings themselves, 121 Technology Park provides unmatched regional connectivity. With immediate access to State Highway 121, tenants are minutes from Plano, Frisco, McKinney and major North Dallas suburbs, as well as both Dallas Fort Worth International Airport and McKinney National Airport. Nearby retail, restaurants and mixed-use amenities help create a dynamic environment that supports employee attraction and retention.
The city of Allen has seen rapid growth in both population and business activity in recent years, with the population within 10 miles of 121 Technology Park expected to top 1 million by 2029 — a 314% increase since 2000.
Allen’s business-friendly climate further enhances the park’s appeal. Companies relocating to the city can take advantage of incentives offered by the Allen Economic Development Corporation and the City of Allen, including cash relocation grants, property tax abatements, the Triple Freeport exemption, Chapter 380 agreements and workforce training programs through Collin College. Additional state-level incentives are also available. Year-end leasing specials, including the potential for free rent, are also currently being offered to qualified tenants at 121 Technology Park.
The development has already attracted notable employers, including Amphenol Fiber Systems International and ACIS, underscoring Allen’s growing reputation as a hub for high-value industry and quality job creation.
The project’s thoughtful planning and high-quality design have earned industry recognition as a finalist for Industrial Development of the Year and Innovative Development of the Year in the 2025 Best of North Texas Awards presented by the North Texas chapter of NAIOP.
With its strategic location, high-specification design and robust economic support, 121 Technology Park offers businesses a competitive edge and delivers meaningful long-term benefits to the City of Allen and the broader North Texas region.
Businesses interested in learning more about available space within 121 Technology Park can contact Ken Wesson with Lee & Associates – Dallas/Fort Worth at kwesson@lee-associates.com.