Brandon Shorenstein Of Shorenstein Properties Acquires 273,574 Square Foot Office Campus In Plano From John Grassi Of Spear Street Capital

The Tennyson is a Class A office campus located at 6105 Tennyson Parkway, Plano, TX, comprising two fully leased buildings with a total square footage of 273,574. The property boasts a weighted average lease term of 6.6 years and underwent substantial capital improvements in 2024.

Summary of transaction details:

• Property Type: Office
• Transaction Amount: Not disclosed
• Buyer: Brandon Shorenstein - Shorenstein Properties
• Seller: John Grassi - Spear Street Capital
• Brokers: Chris Murphy, Robert Hill, Gary Carr & Austin Sheahan - Newmark
• Mortgage Brokers: Ramsey Daya, Andrew Porteous, Clint Frease, Chris McColpin & Josh Francis - Newmark

This transaction saw Shorenstein Properties acquire the office campus from Spear Street Capital, with Newmark facilitating both the sale and acquisition financing. The involvement of Newmark's mortgage brokers highlights their contribution to the financing aspect of the deal.