Shorenstein Acquires The Tennyson in Rebounding Legacy Submarket of Dallas

Shorenstein Investment Advisers has announced the acquisition of The Tennyson, a Class A office campus situated in Plano, Texas, for an undisclosed amount. This transaction, finalized on June 15, 2026, marks Shorenstein's strategic focus on high-quality assets within high-demand submarkets, further solidifying its presence in the Dallas region. The Tennyson spans 273,000 square feet and is located in the Legacy submarket, a notable hub for corporate users.

Originally developed in 2012 as the corporate headquarters for Ericsson, The Tennyson has undergone significant repositioning to enhance its appeal to tenants. The property boasts a range of modern amenities, including a fitness center, tenant lounge, conference facilities, and a café, alongside expansive outdoor spaces. Currently fully leased to a diverse mix of high-quality tenants, Shorenstein plans to further elevate the tenant experience by expanding outdoor amenities on the 12-acre site. This enhancement aligns with Shorenstein's overarching strategy to invest in properties that offer strong potential for tenant engagement and long-term asset performance.

The Legacy submarket, where The Tennyson is located, has emerged as one of the leading corporate office destinations in Dallas. It is home to major employers such as Toyota, Liberty Mutual, and JPMorgan, which has recently expanded its workforce in Texas. The area's demographic trends, characterized by a highly educated and growing population, further bolster its attractiveness to corporate users. Additionally, several companies, including Samsung and AT&T, have recently announced relocations to the submarket, highlighting the ongoing demand for high-quality office space.

Shorenstein's acquisition of The Tennyson represents its third investment in the Dallas area in the last 20 months, reflecting a broader trend of capitalizing on high-quality, cash-flowing properties amid a competitive market landscape. Over the past two years, Shorenstein has acquired ten office properties totaling over $1.5 billion, with additional pending acquisitions in Nashville and the San Francisco Bay Area. The firm’s focus on top-tier assets in premier submarkets aims to deliver attractive cash flow and value creation, with The Tennyson expected to enhance its distribution yield.

As the demand for high-quality office space continues to outpace supply in key submarkets like Legacy, Shorenstein's investment strategy is well-positioned to capitalize on this trend. The firm’s vertically integrated approach, combined with its high-touch service model, is likely to support tenant retention and long-term asset performance. The acquisition of The Tennyson not only underscores Shorenstein's commitment to quality investments but also reflects broader market dynamics favoring premium office spaces in sought-after locations.