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Steward Health's Relocation From Boston Could Have Big Regional Impact in DFW

If Real Estate Deal Goes Through in Richardson, Boston Firm Could Bring Hundreds of Jobs to DFW
April 12, 2018
The upcoming relocation of Steward Health Care System LLC's corporate headquarters from Boston to Dallas this summer will seemingly have a bigger regional impact than initially anticipated.

Steward Health, the largest private hospital operator in the United States, has allegedly leased 165,300 square feet of office space in one of the vacated buildings in Galatyn Commons at 2375 N. Glenville Dr. in Richardson, TX.

The deal is highlighted as a key office lease in a recently released CBRE research report that touts the lease as a 'done deal,' in the first quarter of 2018. However, real estate sources say Steward Health, which leased three floors in the newly completed 1900 Peal St. building earlier this year, has yet to sign the deal in Richardson.

Officials with Steward Health have previously told this reporter the company expects to substantially boost its employee headcount across all states, including Massachusetts, with a corresponding increase in office space.

The healthcare system's officials could not confirm or deny if a lease in Richardson had been signed by the company on Thursday.

Sources say about 100 top executives with the system could move into its Arts District office before the end of the summer. If the Richardson deal is completed, it could bring hundreds more employees to the region.

If Steward Health signs the lease in Richardson, this could be one of the big leases signed in the North Central Expressway corridor following the big lease by Samsung for its consolidation in Plano at Legacy Central.

Candace Carlisle, Dallas-Fort Worth Reporter  CoStar Group   
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