Holt Lunsford Commercial Negotiates Office Lease Renewal & Expansion At Lincoln Legacy Two, Plano
5810 Tennyson Parkway
Building Size
13,936 SF
Asset Type
Office
Closing
Jan 12, 2024
AI
The Mathworks, a provider of mathematical computing software, has renewed and expanded their lease at Lincoln Legacy Two in Plano. The office space, spanning 13,936 square feet, is located at 5810 Tennyson Parkway.
Summary of transaction details
- Property Type: Office
- Transaction Amount: Not Applicable
- Address: 5810 Tennyson Parkway, Plano
- Square Footage: 13,936
- Market: Plano
Holt Lunsford Commercial represented the landlord, Larson Capital Management, in the lease negotiation. The landlord's representatives were Caroline Hix and Chase Stone from Holt Lunsford Commercial. The tenant, Jack Little of The Mathworks, was represented by Scott Jessen of Citadel Partners and Tyler Thomas of Trumont Commercial.
It is worth noting that Holt Lunsford Commercial facilitated the lease renewal and expansion on behalf of Larson Capital Management.
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