Case Study

SSM Health

Office & Medical - Tenant Representation

SSM Health Care Corporation
1015 Corporate Square Drive
1173 Corporate Square Drive
10101 Woodfield
1195 Corporate Square Drive

Assignment Overview

  • Re-negotiate office leases representing 87,000 square feet in four different buildings, all lease expirations extended to same date for future planning purposes
  • Leverage property status being “lender owned” to achieve below market economic
  • terms in exchange for early renewal of all four lease

Result

  • Rent reduction of $500,000
  • Tenant improvement allowance increase of $87,000
  •  Operating expense savings of $406,000
  • Overall improvement to SSM’s bottom line of approximately $1,000,000