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Tenet Taking Big Chunk of New Anaheim Complex

Tenet Taking Big Chunk of New Anaheim Complex

By VITA REED





An Orange County-based unit of Tenet Healthcare Corp. plans to move to an office campus that’s being developed near the Arrowhead Pond of Anaheim.

Syndicated Office Systems, which handles financial services for Tenet, signed a 10-year lease for 127,750 square feet of space at 1500 Douglass Road and an additional 12,250 square feet at 1400 Douglass Road. Financial terms of the lease weren’t disclosed.

Syndicated, with around 650 workers now in MacArthur Place in Santa Ana, is set to move to the Anaheim complex next year.

“One of the big things was location. This facility is more centrally located,” said Greg Harrison, a Tenet corporate spokesman, mentioning that Syndicated has many workers who live in the Inland Empire.

Syndicated’s pending site is in the general area of the “Orange Crush” confluence of the Santa Ana (I-5), Garden Grove (22) and Pomona (57) freeways.

Syndicated is moving because it needs more room, Harrison said.

“The building that they’re moving from is very nice,it’s not like the employees were in a hovel,” he said about MacArthur Place. The new office will be about 25% larger, he said.

Tenet will keep some of its regional officials in the MacArthur Place complex, including Gus Valdespino, vice president of operations.

Syndicated is taking about 40% of the 383,250-square-foot, three-building Arena Corporate Center that’s being helmed by Dallas-based Trammell Crow Co.’s Irvine office.

Syndicated’s role includes providing Tenet’s hospitals and other healthcare facilities with payment recovery on patient accounts, as well as other financial-related customer service functions. Specifically, Harrison said that Syndicated helps Tenet decrease its accounts receivable days.

“That’s an important thing to do. (Healthcare) revenues are pretty tight,it helps to be able to reduce the days outstanding,” Harrison said.

The subsidiary deals with both insurance companies and patients, he said.

Anaheim city officials approved the Trammell Crow complex last year. The campus is going to be built on 24.5 acres behind the Pond, home of the National Hockey League’s Mighty Ducks of Anaheim. Besides office buildings, the campus is set to include amenities such as a jogging trail, basketball and volleyball courts, a half-acre park and advanced telecommunications services.

The site, once the Orange Tree Mobilehome Park, has a varied history. Among other things, it was once zoned for residential and agricultural use, but was reclassified for commercial development in 1998.

At that time, there were plans to build a 982,000-square-foot, mixed-use center including a 10-story and two six-story office buildings, on the site. Those plans expired in February 2001, and the Trammell Crow project came to the table.

Mark Friend, a senior vice president with CB Richard Ellis Services Inc.’s Anaheim office, represented Syndicated Office Systems. John Harty, Elizabeth Hurley and Craig De Miranda, all vice presidents with Trammell Crow, represented the landlord, Kennedy Associates Real Estate Counsel Inc.

Santa Barbara-based Tenet is OC’s largest hospital operator in terms of facilities. Its local hospitals include: Fountain Valley Regional Hospital and Medical Center, Western Medical Center-Santa Ana, Los Alamitos Medical Center and Garden Grove Hospital and Medical Center.

Tenet’s OC hospitals also include Irvine Regional Hospital and Medical Center, Western Medical Center-Anaheim, Coastal Communities Hospital in Santa Ana, Chapman Medical Center in Orange, Placentia-Linda Community Hospital and Santa Ana Hospital Medical Center.

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