Key Takeaways
- • Shorenstein Properties acquired The Tennyson, a two-building Class A office campus in Plano, Texas, comprising approximately 273,574 square feet, closed on June 11, 2026, as part of Fund Fourteen.
- • The asset was originally developed in 2012 and underwent redevelopment in 2024; it carries LEED Gold certification and features a strong 5.4:1 parking ratio typical of suburban office markets.
- • The acquisition represents Shorenstein's continued strategic repositioning in the office sector, following multiple acquisitions across Fund Fourteen including properties in Nashville, San Mateo, Dallas, and other dynamic markets during 2024–2026.
- • Shorenstein continues to target office and mixed-use properties in dynamic U.S. markets, focusing on Class A assets with value-add and redevelopment potential despite broader market headwinds in the office sector.
Summary
Shorenstein Properties, the San Francisco-based real estate investment firm, acquired The Tennyson office campus in Plano, Texas, on June 11, 2026. The two-building property totals approximately 273,574 square feet and is classified as Class A office space. The asset will be held under Shorenstein's Fund Fourteen portfolio.
The Tennyson was originally constructed in 2012 and underwent redevelopment in 2024 prior to acquisition. The property maintains LEED Gold certification and offers institutional-grade amenities and infrastructure, including a competitive 5.4:1 parking ratio that exceeds typical suburban office standards. The four-story configuration provides flexibility for modern tenant requirements.
This acquisition reflects Shorenstein's broader capital deployment strategy across Fund Fourteen, which has demonstrated active acquisition activity throughout 2024 and 2025. The firm has simultaneously acquired office and mixed-use assets across multiple markets, including properties in Nashville, San Mateo, Dallas, and other key U.S. metros. The Plano transaction aligns with Shorenstein's stated investment thesis of targeting office properties in dynamic markets where tenant demand, demographic trends, and technological innovation create opportunities for value creation.
As a fully integrated real estate investment company, Shorenstein has positioned itself to navigate challenging office market conditions by focusing on Class A assets with strong underlying fundamentals, recent capital improvements, and sustainability certifications. The Plano acquisition demonstrates continued confidence in selective office market opportunities outside traditional gateway markets, particularly in Texas tech corridors where corporate relocations and tenant growth remain evident.
The Tennyson was originally constructed in 2012 and underwent redevelopment in 2024 prior to acquisition. The property maintains LEED Gold certification and offers institutional-grade amenities and infrastructure, including a competitive 5.4:1 parking ratio that exceeds typical suburban office standards. The four-story configuration provides flexibility for modern tenant requirements.
This acquisition reflects Shorenstein's broader capital deployment strategy across Fund Fourteen, which has demonstrated active acquisition activity throughout 2024 and 2025. The firm has simultaneously acquired office and mixed-use assets across multiple markets, including properties in Nashville, San Mateo, Dallas, and other key U.S. metros. The Plano transaction aligns with Shorenstein's stated investment thesis of targeting office properties in dynamic markets where tenant demand, demographic trends, and technological innovation create opportunities for value creation.
As a fully integrated real estate investment company, Shorenstein has positioned itself to navigate challenging office market conditions by focusing on Class A assets with strong underlying fundamentals, recent capital improvements, and sustainability certifications. The Plano acquisition demonstrates continued confidence in selective office market opportunities outside traditional gateway markets, particularly in Texas tech corridors where corporate relocations and tenant growth remain evident.
Go deeper than the headline
Research every firm in this story, track the ones that matter and get the daily briefing — free for 7 days.