Shorenstein Properties has acquired The Tennyson, a two-building, Class A office campus in Plano, Texas, from Spear Street Capital. The institutional-quality property, completed in 2012, totals approximately 273,574 square feet and adds a fully stabilized office asset to Shorenstein’s portfolio.
The transaction involved Newmark professionals Chris Murphy, Robert Hill, Gary Carr and Austin Sheahan, who represented Spear Street Capital in the sale of the campus. On the capital stack side, acquisition financing for Shorenstein Properties was arranged by Ramsey Daya and Andrew Porteous, supporting the transfer of ownership of the 2012-vintage asset.
The Tennyson has recently undergone significant capital improvements, with a notable investment program completed in 2024. Upgrades focused on the property’s tenant-facing spaces, including enhancements to the fitness center, lobby, tenant lounge and conference facilities. These improvements are designed to keep the campus competitive within Plano’s Class A office landscape and to support tenant retention over the medium term.
The campus is currently 100% leased, with a weighted-average lease term of approximately 6.6 years. This combination of full occupancy and extended lease duration provides Shorenstein with stable, in-place income and predictable cash flow from a diversified tenant base. The recent renovation work, coupled with long-term leases, positions the property as a modern, amenitized office environment within its submarket.
Amenity offerings at The Tennyson include an on-site fitness center, café, tenant lounge and outdoor spaces, reinforcing its status as an amenity-rich office campus. The property is also located within a strong corporate corridor in Plano, with major employers such as Toyota, JPMorgan Chase, PepsiCo and the future AT&T headquarters nearby, contributing to the area’s depth of office demand and corporate presence.
By combining recent capital upgrades, full occupancy and a solid surrounding corporate ecosystem, The Tennyson transaction highlights ongoing investor interest in well-leased, modern office product in Plano’s Class A segment. The deal structure, brokerage representation and secured acquisition financing collectively underscore the continued ability of institutional buyers and sellers to transact on stabilized office campuses in this part of the Dallas metro.
