AT&T Leases 965813 Square Feet Office Space At 5400 Legacy Drive From Pacific Elms Properties And Dundon Capital Partners
5400 Legacy Drive
Building Size
965,813 SF
Asset Type
Office
Closing
Jan 9, 2026
AI
The asset involved in the lease transaction is located at 5400 Legacy Drive in Plano. This office property has a total square footage of 965,813 and is notable for its future occupancy plans by the tenant.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not specified
- Landlord: Billy Prewitt - Pacific Elms Properties
- Landlord: Tom Dundon - Dundon Capital Partners
- Tenant: John Stankey - AT&T
AT&T plans to move its global headquarters from downtown Dallas to this site, aiming for partial occupancy in the second half of 2028. The company has already made a substantial investment in its current campus and holds a lease at the Whitacre Tower through 2031.
Players
Plano Office Market Snapshot
Boundary boundary · Office · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
5.80%
Cash-on-Cash
-1.66%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93