The office property located at 505 Millennium Drive in Allen spans 97,000 square feet and was leased by Hassane El-Khoury from Robb Buchanan of Capital Commercial Investments. Onsemi is planning to invest $28M in a tenant-improvement project after signing a full-building lease at the location. Onsemi's decision to open a second DFW office in Allen comes as they have outgrown their Richardson office, aligning with the semiconductor industry's growing presence in North Texas due to investments from companies like Texas Instruments and Globitech.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not specified
• Landlord: Robb Buchanan - Capital Commercial Investments
• Tenant: Hassane El-Khoury - Onsemi

Onsemi's lease of the office space at 505 Millennium Drive in Allen signifies their commitment to expanding their presence in the North Texas region. The choice to move to a larger location reflects their growth trajectory and the strategic importance of the area in the semiconductor industry. Robb Buchanan, representing the landlord, facilitated the deal with Hassane El-Khoury from Onsemi, showcasing a partnership between two key players in the office leasing market.