Just over a year after acquiring International Plaza I and II, Taconic Capital Advisors has signed Tenet Healthcare Corporation (NYSE: THC) to a long-term lease for its new headquarters at the office campus at Spring Valley Road and the North Dallas Tollway in Farmers Branch. The healthcare services company has leased the entirety of International Plaza I, a 13-story, 372,000-square-foot, Class A office tower located at 14201 N. Dallas Pkwy.
Taconic Capital acquired International Plaza I and II, one of the most notable office developments on the lower Dallas North Tollway, in 2018. Taconic Capital is in the midst of a multi-million-dollar capital improvement plan at the complex, with renovations expected to be completed in December.
“We are excited to welcome Tenet Healthcare to International Plaza. We commend their leadership’s vision and confidence in our transformation of the campus,” said Andrew Lam of Taconic Capital.
Ronald A. Rittenmeyer, Executive Chairman and CEO of Tenet Healthcare, said, “We are so pleased to be moving to International Plaza to support our efforts to bring more of our teams together and deepen integration and collaboration. International Plaza is a great new home for our corporate headquarters and provides us with the opportunity to further enhance our working environment for the benefit of our colleagues.”
Chris Taylor, Trey Smith, Matt Schendle and Lauren Napper of Cushman & Wakefield represent Taconic in marketing the property. Moody Younger and Kathy Permenter of Younger Partners represented Tenet Healthcare on the lease transaction.
“The new environment being created through the renovations of International Plaza was very important to Tenet Healthcare, as they were committed to having the best environment for their employees,” Taylor said. “Taconic Capital was already well into their renovation planning for the International Plaza campus, and they have been committed since day one with making the significant capital investment to create one of the most unique and interactive office campuses in DFW.”
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