This original article was written and published by the Dallas Morning News.
One of the biggest businesses in Dallas’ Stemmons Freeway corridor is headed for the ‘burbs with a headquarters move.
Trinity Industries has been based in its tower northwest of downtown at Stemmons and Medical District Drive for decades.
Now the well-known industrial corporation is moving its headquarters to the International Plaza office campus on the Dallas North Tollway in Farmers Branch.
International Plaza I & II previously housed operations for Fannie Mae and JPMorgan Chase & Co. The buildings are owned by New York-based Taconic Capital Advisors LP.
Trinity Industries is taking 150,000 square feet of office space in the high-rise project, which is north of the Dallas Galleria.
“The workspace will provide us with a new, modern office environment that encourages collaboration, increases positive energy and reinforces Trinity’s strategic focus of providing premier products and services to all of our customers,” Trinity Industries’ CEO Jean Savage said in a statement. “We evaluated a number of headquarter options and found this centrally located office space to be appealing on a number of fronts.
“Our goal was to identify a new space that offered a competitive edge to attract and retain Trinity’s talented professionals while being mindful of our targeted cost structure,” she said. “More importantly, we expect that the new space will energize and unify Trinity’s professionals around our go-forward business strategy.”
Trinity Industries is the second major firm to make a move to the properties.
Last summer Tenet Healthcare rented almost 400,000 square feet for its headquarters in 13-story International Plaza I building and moved its headquarters from downtown Dallas.
International Plaza project is one of the largest developments along the tollway.
Built in 1999 and 2002, the towers owned by Taconic are just north of Spring Valley Road on the west side of the tollway.
A third tower in the project is owned by Crescent Real Estate LLC and Long Wharf Real Estate Partners LLC.
Trinity Industries owns its current location at 2525 N. Stemmons Freeway. The 10-story office building was constructed in the 1970s and contains about 125,000 square feet.
Trinity Industries’ headquarters relocation comes as the company has announced a management realignment.
It hasn’t yet been determined what will happen with the Dallas headquarters building, according to a company spokesman.
Trinity Industries produces rail transportation products including rail cars along with roadway and traffic control equipment.