Taconic Capital Snags 757 KSF Dallas Office Campus
- Apr 13, 2018
Taconic Capital has acquired International Plaza I and II, a twin-tower office campus in Dallas. This purchase marks the firm’s first property in North Texas.
“International Plaza is an institutional-grade, Class A office complex, with great visibility right off the lower tollway,” Andrew Lam of Taconic Capital, who led the acquisition, said in a prepared statement. “We are impressed by its timeless appeal, high-quality construction, campus-like environment, unmatched parking, and efficient floor plates. It offers the most available contiguous Class A office space in the entire MSA. Combine that with the continued expansion and diversity of the Dallas economy, and the area’s strong job sector—you have a once-in-a-generation opportunity.”
Designed by HKS Inc., the towers were constructed in 1999 and 2002. Both buildings were fully occupied since development by JPMorgan Chase and Fannie Mae. The tenants recently moved to new campuses in Plano, Texas, leaving the largest block of Class A office space in the Dallas-Fort Worth metro vacant. International Plaza I, located at 14201 N. Dallas Parkway, offers 351,000 rentable square feet across 13 stories. Connected by sky-bridge is International Plaza II, located at 14221 N. Dallas Parkway, which features 406,000 square feet across 15 stories.
International Plaza I and II provide a technological infrastructure with dual-feed electric and a raised-floor environment throughout the campus. Taconic plans to invest in significant upgrades to both buildings and adding several tenant amenities, such as updates to the fitness and conference centers, enhanced and increased dining options, and a reinvention of the outdoor space.
Cushman & Wakefield was tapped to handle property management and leasing will be handled by Lauren Napper, Matt Schendle, Trey Smith and Chris Taylor.
Image courtesy of Taconic Capital