Shorenstein Acquires The Tennyson in Rebounding Legacy Submarket of Dallas

Acquisition Reflects Firm’s Level of curiosity on Investing in Excessive-Quality Resources in Excessive Search data from Submarkets

SAN FRANCISCO, June 15, 2026 /PRNewswire/ — Shorenstein Funding Advisers (“Shorenstein” or the “Company”), an proprietor and operator of high of the vary place of job, residential and blended-order properties across the U.S., this day launched the acquisition of The Tennyson, a 273,000-sq.-foot, Class A place of job campus in Plano, Texas.

The Tennyson is a two-building place of job campus positioned in Legacy, with out a doubt one of many most sought-after place of job submarkets for corporate users within the country. Before all the pieces developed in 2012 as a corporate headquarters for Ericsson, the property now not too long within the past underwent a repositioning that added finest-in-class companies and products for tenants, including a recent gym, tenant lounge, conference facility, café, speakeasy and substantial begin air site. Whereas the property is fully leased to a various roster of high of the vary tenants, all of which fetch accomplished up-to-the-minute buildouts nowadays, Shorenstein plans to extra elevate the companies and products and experience, including a selection of the begin air companies and products on the 12-acre place.

Legacy has established itself as with out a doubt one of Dallas’ main corporate place of job hubs, supported by a deep inappropriate of significant employers and favorable demographic trends including a extremely trained and with out discover rising inhabitants. The submarket is dwelling to mountainous corporate campuses for Toyota, Liberty Mutual and JPMorgan, which now has more workers in Texas than New York. Several diversified companies now not too long within the past launched relocations to the submarket including Samsung and AT&T, which is within the system of designing a two million sq. foot headquarters campus that can begin in 2028. For the period of the submarket, the property advantages from proximity to Legacy West, a premier blended-order flow back and forth issue with corporate offices, residential, retail, dining and hospitality. With diminishing availability of high of the vary place of job site within the submarket, The Tennyson is well positioned to fetch the benefit of sustained query and lease growth.

“The Tennyson acquisition reflects our high-down strategy of investing in momentum submarkets that are poised for lease growth,” acknowledged Emily Chou, Vice President at Shorenstein. “Just like our contemporary investments in Preston Center and the Decrease Tollway, which experienced robust lease growth following our acquisitions, The Tennyson is well positioned to fetch the benefit of rising submarket query and stable demographic tailwinds.”

The acquisition marks Shorenstein’s third funding within the Dallas pickle within the past 20 months and builds on the Company’s contemporary order of shopping high of the vary, money-flowing properties while funding capital remains on the sidelines. Over the final 24 months, Shorenstein has bought 10 place of job properties totaling bigger than $1.5 billion with two additional pending acquisitions in Nashville and the San Francisco Bay Home that total approximately $225 million. Shorenstein’s technique has alive to on shopping high-tier sources in premier submarkets which might per chance per chance be positioned to narrate shining money drift and shut to-term cost advent. The portfolio that Shorenstein has curated in its contemporary fund has delivered a distribution yield over 9% as of year-break 2025 and The Tennyson is anticipated to extra develop that distribution yield. As a vertically integrated investor and operator, Shorenstein will narrate its high-contact carrier model and curated tenant programming to The Tennyson to beef up tenant engagement and long-term asset performance.

About Shorenstein

Shorenstein is a privately-owned funding adviser that, thru affiliated entities, owns and operates high of the vary place of job, residential and blended-order properties across the U.S., with offices in San Francisco and New York. Since 1992, Shorenstein and its affiliates fetch bought $20.3 billion in sources (as of December 31, 2025). The utilization of their integrated funding and running capabilities, the company seeks to connect shut merit of opportunities that, on the suppose time within the funding cycle, provide shining returns. Investments fetch integrated floor-up developments, asset repositioning and stabilized sources; funding constructions fetch integrated asset acquisitions, mezzanine loans, preferred fairness investments and structured joint ventures. Extra data is available at www.shorenstein.com.

Contacts

For Shorenstein:

Madeline Jones / Alex Wolfsohn

Joele Frank, Wilkinson Brimmer Katcher

212.355.4449

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SOURCE Shorenstein Properties LLC