Texas CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
Shorenstein Picks Up 273K-SF Plano Office Campus
Shorenstein Properties acquired The Tennyson, a two-building, Class A office campus totaling approximately 273,574 square feet in Plano, Texas. Spear Street Capital was the seller of the property, built in 2012.
Newmark’s Chris Murphy, Robert Hill, Gary Carr and Austin Sheahan represented Spear Street Capital in the transaction. Ramsey Daya and Andrew Porteous arranged acquisition financing for Shorenstein Properties.
The Tennyson received significant capital improvements in 2024, including upgrades to the fitness center, lobby, tenant lounge and conference facilities. The campus is currently 100% leased, with a weighted-average lease term of approximately 6.6 years, providing stable, in-place income.
The amenity-rich campus includes a fitness center, café, tenant lounge and outdoor spaces, and is surrounded by a strong corporate base, with major employers such as Toyota, JPMorgan Chase, PepsiCo and the future AT&T headquarters nearby.
- ◦Sale/Acquisition
