Selerix Signs Long-Term Lease For 28,000-Square-Foot Office In Plano With Landlords Land Legacy LP And Manas Legacy LP
7500 Dallas Parkway
Building Size
28,000 SF
Asset Type
Office
Closing
Aug 31, 2026
About this deal
AI
The property involved in the lease transaction is an office space located at 7500 Dallas Parkway in Plano, TX, with a total size of 28,000 square feet. This asset serves as the headquarters for Selerix Insurance Services, which signed a long-term lease agreement. Selerix is positioned as the largest tenant in the building, occupying a significant portion of the available office space.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: Not disclosed
- Address: 7500 Dallas Parkway, Plano, TX
- Asset Size: 28,000 SF
- Landlord: Land Legacy LP & Manas Legacy LP
- Tenant: Tim Pratte - Selerix
- Landlord's Representatives: Jared Laake - Bradford Commercial Real Estate Services; Eduardo Gildenson - Gildenson Real Estate
- Tenant's Representative: Alan Wood - Site Selection Group
- Lease Terms: Long-term
Tim Pratte of Selerix represented the tenant in this transaction, while the landlord was represented by Jared Laake of Bradford Commercial Real Estate Services and Eduardo Gildenson of Gildenson Real Estate. Alan Wood from Site Selection Group acted on behalf of Selerix in finalizing the long-term lease for their expanded headquarters.
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