Shorenstein Acquires DFW Office Campus
Spear Street Capital sold the property, which was renovated in 2024.
Shorenstein Properties has purchased The Tennyson, a two-building, 273,574-square foot office campus in Plano, Texas, from Spear Street Capital. The purchase price was not disclosed.
Newmark arranged the sale on behalf of the seller and arranged the acquisition funding on behalf of the buyer.
The Tennyson was completed in 2012 and underwent significant capital improvements in 2024, including upgrades to the fitness center, lobby, tenant lounge and conference facilities. The campus is fully leased with a weighted average lease term of about 6.6 years, according to Newmark.
Shorenstein Vice President Emily Chou told Commercial Property Executive that the acquisition “reflects our top-down strategy of investing in momentum submarkets which are poised for rent growth.”
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“The Tennyson is well positioned to benefit from growing submarket demand and strong demographic tailwinds,” Chou added.
She cited the company’s July 2025 purchase of Sterling Plaza, a 19-story, 320,000-square-foot office building in the Preston Center submarket, as another example of the firm’s strategy.
Located at 6105 Tennyson Parkway in Legacy Business Park, the property offers immediate access to the Dallas North Tollway and is within walking distance of Legacy West and The Shops at Legacy.
Newmark Vice Chairmen Chris Murphy, Robert Hill and Gary Carr and Director Austin Sheahan represented Spear Street in the transaction. Executive Vice Chairman Ramsey Daya and Senior Managing Director Andrew Porteous arranged the acquisition financing on behalf of Shorenstein Properties, with support from Vice Chairman Clint Frease, Senior Managing Director Chris McColpin and Director Josh Francis.
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