Client: HealthPartners
Business: Corporate
Services: Strategic Analysis & Planning, Project Management, Lease Negotiations
Project Size: 550,000 sf headquarters consolidation & lease renewal
HealthPartners
Project Objectives:
Upgrade existing building and secure long term competitive lease economics.
Challenges:
HealthPartners' previous landlord was unable to meet their needs and expectations. The building was in foreclosure and the parties were at a stalemate.
Unique Solution:
Nelson, Tietz & Hoye assisted HealthPartners in securing a new landlord who improved the building and further developed the site in exchange for a long term lease from HealthPartners. HealthPartners consolidated its administrative functions into the significantly upgraded building at competitive rates. The site - "Bloomington Central Station" - now includes a light rail stop, condominiums and a park. Nelson, Tietz & Hoye provided project management services during the base building improvements.