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HCREA's process assures a good outcome
A start-up medical diagnostic lab needed space in a hurry. They wanted to offer a new service in a lucrative east-coast market before they were foreclosed by the competition, but did not have the capital to fund the labs, offices and processing space needed. HCREA focused on micro-markets to create a unique, cost-effective opportunity.
Fast track to a complex new facility
A group of west-coast university-based doctors with an IVF practice decided to move into private practice. Intense time pressure followed their decision. University deadlines related to contract commitments and competition in the market dictated that the doctors’ new facility be up and running in six months. Typically 18 – 24 months is needed to create the labs and clinical spaces required. HCREA led the process to get the practice up and running on time and on budget. Learn more.
Renegotiating an existing lease for $1 million in savings
A group of savvy Florida doctors decided to turn their office expense into an investment. They signed a lease for a significant portion of a new building they would occupy, and simultaneously became partners with the developer – confident that as owners they were getting a good deal. Months later, the doctors realized that the expert developer had loaded their lease with above-market costs. HCREA helped the doctors escape this trap. Learn more.
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HCREA helps community health care center grow in urban area with limited available space
Less than 10 years after completing construction on a three-story building, a community health center ran out of space. The area where it is located offers little modern commercial space that is suitable for medical or office use. HCREA found office space in the area and assisted the center in all project phases -- negotiations, leasing, redesign and construction. Learn more.
“We use HCREA because they know the differences between leasing office space and medical space. Add to that the fact that they are also experts in usable space, meaning how much of the space we are paying for can actually be used for our purposes. They can foresee design nuances that we would not and then can advise us accordingly.”
Claude E. White
V.P and General Counsel
IntegraMed
“We are in health care services -- we are not experts in selecting architects, general contractors, and negotiating with landlords. With HCREA’s assistance we were able to select the architectural firm and contractors that best fit our needs. It all went so smoothly, you would never have known there were so many different entities at
the table.”
Reinaldo Gonzalez
Chief Executive Officer
Settlement Health
HCREA negotiates a contentious lease renewal and saves a fertility practice $850,000 in taxes and rent
For nearly three decades, AFS has accommodated their patients in 8,000 square feet of customized office space at 1625 Third Avenue in New York City. However, the relationship between AFS and its landlord had deteriorated in recent years, due to litigation over property damage, a dispute over outstanding electric bills and a demand from the owner that AFS pay half a million dollars in back taxes accumulated when the building had converted into a condominium several years before. Learn more.
Complete end-to-end services and significant savings to growing Tampa-based healthcare training school as they expand to multiple locations
In the fall of 2006, UMA was in urgent need of a larger space for its original campus in Tampa. An associate of UMA's CEO who was the head of real estate law at a Fortune 500 company recommended HCREA corporate affiliate CTRR. CTRR was able to negotiate a significant expansion. UMA called upon CTRR again in 2009 when they outgrew their Clearwater campus. Soon after, UMA asked CTRR to find another very large space in the Tampa area for new corporate headquarters and a call center. Learn more.
Community Health Center Association of Connecticut finds significant value in the process, not just in the result
CHCACT has 13 member centers and many operate satellite offices in addition to their main locations. There are currently more than 80 different sites throughout the state which receive over a million medical, dental and social service visits each year by people from all over Connecticut. Decisions needed to be made on a number of issues concerning a move to 5,000 – 6,000 square feet of administrative office space including location, type of space, configuration needs and whether to buy or lease. One of the members of the Board had previously worked with HCREA in building a community health care center and brought the healthcare real estate professionals in to help. Learn more.
HCREA leads long established family dental practice through lengthy, difficult lease renewal negotiations with their midtown
Manhattan landlord
For over 80 years, four generations of the Boyd family have committed themselves to providing superior dental care and advancing the standards of dentistry for their patients. The practice has been located in a high-end building on Madison Avenue since 1973. In 2012, the practice’s current Managing Partner brought in HCREA’s health care real estate professionals to begin strategizing in advance of their 2014 lease renewal. HCREA was hired because they had successfully negotiated on the practice’s behalf two times in the past 10 years. Learn more.
HCREA guides large orthopaedic practice through complicated negotiations while maintaining credibility with numerous parties
Coastal Orthopaedics is one of the oldest orthopaedic practices in Fairfield County, CT. The practice is comprised of 12 top-rated orthopaedic specialists who see patients in four offices across the county. Their headquarters had been located in Norwalk since 1998. There were a number of factors complicating the decision whether Coastal Orthopaedics should stay and renegotiate their lease or leave and find a new space. HCREA guided Coastal Orthopaedics through a very complicated negotiation and decision-making process while maintaining credibility with all involved parties. Learn more.
WILLOWS PEDIATRIC GROUP HCREA helps successful Westport pediatric practice renew long-term lease with better terms while maintaining good 
relationship with local landlord
relationship with local landlord For over 40 years, Willows Pediatric Group has served the Fairfield County, CT community by providing comprehensive medical care for infants, children and adolescents. For approximately half of that time, the practice has been located at 1563 Post Road East in Westport. With a flourishing practice, the pediatric group wanted to stay in the same area to retain their loyal patients. But they also wanted to reduce their costs if possible. Willows had recently heard HCREA give a presentation to the Fairfield County Medical Association and felt that with the firm’s combined expertise in architecture, real estate law, healthcare space and the Fairfield County market, they would be the right partners to guide Willows through this process. Learn more. HCREA Represents Large Orthopaedic Practice’s Interests Through Complicated Build Out and Move In
HCREA guided Coastal Orthopaedics through a very complicated negotiation and decision-making process while maintaining credibility with all involved parties. But they continued to represent the medical practice’s interests long after the lease was signed. As construction problems arose, HCREA was there to find solutions, working with contractors, owner, landlord and towns until the punch list was completed. Learn more. HCREA Expertly Captains Construction of Federal Grant-Funded Federally Qualified Health Center in Camden, NJ
Project H.O.P.E., Inc. provides culturally sensitive, comprehensive primary health care to the homeless population in Camden County, NJ. They needed experts in real estate, architecture, New Jersey law, federal grants, health care facilities, and the specific guidelines governing FQHCs. Learn more.
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