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5810 Tennyson Parkway

Holt Lunsford Commercial Negotiates Office Lease Renewal & Expansion At Lincoln Legacy Two, Plano
LEASEDOffice

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

Scott Jessen

Citadel Partners

Broker

4 deals

Broker
LM
Larson Capital ManagementLandlord

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