DALLAS – (Realty News Report) – Taconic Capital Advisors L.P. of New York acquired International Plaza I & II, a 757,000 SF twin-tower campus on the Dallas North Tollway.
Designed by HKS Inc., the International Plaza I & II towers were developed in 1999 and 2002. The buildings had been occupied by JPMorgan Chase and Fannie Mae. Both companies recently moved to new campuses in Plano, leaving available the largest block of Class A office space in the Dallas-Fort Worth region.
“We have more than 750,000 SF of existing Class A office space available in one contiguous block, which is unheard of in this market,” said Chris Taylor, Executive Managing Director of Cushman & Wakefield, which has been retained to oversee leasing, property management
International Plaza is Taconic Capital’s first acquisition in North Texas. Founded in 1999, the privately held firm has offices in New York, London, and Hong Kong. Andrew Lam led the acquisition for Tactonic.
Lauren Napper, Matt Schendle, Trey Smith, and Chris Taylor of Cushman & Wakefield will head up leasing efforts at International Plaza I & II. The group plans to target large transactions.