MedAssets
A 230,000-square-foot build-to-suit building in the thriving Legacy submarket.
Location
Product Type
Timeline
Project Completion: February 2013
Overview
MedAssets, at the time leasing 200,000 square feet in North Texas in multiple buildings, wanted their own corporate campus that would allow them to house all their employees in one office while also providing enough office space to meet future growth expectation. TCC proposed building a 230,000-square-foot building on 18.9 acres of land in Legacy Business Park that would allow MedAssets to meet its current space requirements.
The development offers several beneficial amenities and capabilities that are enjoyed by all employees. An on-campus dining facility enhances employee interaction between several departments. There are community workspaces and open office work areas, which brings a refreshing change to the typical office environment. TCC placed a sidewalk not just on the MedAssets property, but on the adjacent property so employees could easily walk to the Shops at Legacy and enjoy the local retail and restaurants.
Opportunity, Solutions & Outcomes
At the time, MedAssets had also recently acquired the Broadlane Group, so their company was expanding. They were looking to not only consolidate into one building, but to efficiently merge company cultures by defining the collective personality and character of the newly enlarged corporation – and they needed to perfect space for it.
TCC hired an architect to design an office building that would be practical and aesthetically appealing to both MedAssets and the prospective owner. TCC sought a third-party owner that would be willing to purchase 18.9 acres of land and the 230,000-square-foot Class A, three story tiltwall office building that was in the design stages of development. Additionally, TCC sought non-recourse construction financing with terms that would satisfy the prospective owner’s requirements.
Contacts
