Tenet Healthcare Signs 400K SF Full-Building Lease in Taconic Capital’s International Plaza

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.”

 

About Cushman & Wakefield

Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with 48,000 employees in approximately 400 offices and 70 countries. In 2017, the firm had revenue of $6.9 billion across core services of property, facilities and project management, leasing, capital markets, valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.

2019-06-10T13:25:29-05:00June 7th, 2019|In the News, Press Release|