The property asset involved in this context is located at 5908 Headquarters Dr, Plano, TX, with a total square footage of 318,067. It is an office space situated within the market of Plano, specifically at the CalWest office building, which boasts a total area of 1.8 million square feet and is part of a larger 86-acre campus that includes various amenities.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not disclosed
• Address: 5908 Headquarters Dr, Plano, TX
• Market: Plano
• Square Feet: 318,067
• Landlord's Representatives: Michael Brigance-Capital Commercial Investments, Teddy Childers-Capital Commercial Investments
• Tenant: J.C. Penney Co.

Michael Brigance and Teddy Childers were responsible for representing the landlord, Capital Commercial Investments, during the lease negotiations. The tenant, J.C. Penney Co., is expected to occupy its new office headquarters this fall after previously vacating its former premises in 2020 amid bankruptcy proceedings.