Newmark announces the sale of the SMU-in-Plano campus, including four buildings on 16 acres located at 5228-5236 Tennyson Parkway in Plano, Texas. The SMU-in-Plano campus is a satellite campus of Southern Methodist University (SMU), nationally ranked private university, and includes Guildhall, SMU’s graduate video game development program; the Center for Family Counseling, and the Center for Dispute Resolution and Conflict Management.
“This sale provided SMU the opportunity and ability to redeploy capital to its main campus and create cohesiveness between all programs,” said Newmark Executive Managing Director, Rebecca Griffin. Along with Griffin, Newmark Executive Managing Director Lispah Hogan, CCIM and Director Sara Fredericks, represented SMU in the sale.
Located in Legacy Business Park, the SMU-in-Plano campus is in one of the fastest growing employment centers in the country, recently having become home to Toyota, Liberty Mutual Insurance, JPMorgan and other corporate headquarters.
Newmark (“Newmark”), operated by Newmark Group, Inc. (“Newmark Group”) (NASDAQ: NMRK), is one of the world’s leading and most trusted commercial real estate advisory firms, offering a complete suite of services and products for both owners and occupiers. Together with London-based partner Knight Frank and independently owned offices, Newmark’s 16,000 professionals operate from approximately 430 offices on six continents. Newmark’s investor/owner services and products include investment sales, agency leasing, property management, valuation and advisory, diligence, underwriting, government-sponsored enterprise lending, loan servicing, debt and structured finance and loan sales. Occupier services and products include tenant representation, real estate management technology systems, workplace and occupancy strategy, global corporate services consulting, project management, lease administration and facilities management. For further information, visit www.ngkf.com.
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