News Release
United Properties Corporate Real Estate Services Manages Multiple Assignments for HealthEast Care System
New Clinic Lease in Maplewood is Latest Step in Two-Year Strategic Real Estate Plan
MINNEAPOLIS (May 11, 2004) — United Properties Corporate Real Estate Services has recently completed multiple real estate transactions — ranging from clinic expansions and consolidations to site selection for new clinics — on behalf of HealthEast Care System, the largest health care provider in the Twin Cities East Metro area.
The latest transaction, completed the last week of January, is a lease for a new 10,200 square foot clinic at Sloan Place and McMenemy Street in Maplewood. The family practice clinic is expected to open in July and will replace HealthEast’s current 9,000 square foot clinic located at Payne Avenue and Hawthorne Avenue East in Saint Paul.
“It’s been a pleasure to work with such a proactive, patient-directed organization,” said Nancy Miller, senior consultant, United Properties Corporate Real Estate Services, and project leader for the HealthEast assignments. “HealthEast identified shifting patient demographics and traffic patterns early in the cycle and has taken smart, strategic steps to ensure its facilities are located in prime areas and that each is operating in a modern, state-of-the-art care setting.”
In addition to managing the site selection and leasing for HealthEast’s new clinic located in Maplewood, United Properties has also assisted the healthcare provider with the consolidation of two East Metro clinics into one expanded clinic located at Helmo Avenue and 10th Street North in Oakdale and the sale of six obsolete facilities.
“These transactions represent approximately 50% percent of the clinics and medical office buildings in HealthEast’s east metro real estate portfolio,” Miller said. “It was a significant undertaking for the company and a significant benefit for the patients it serves.” In addition to these assignments, United Properties also manages leasing for Woodwinds Health Campus –– a collaboration between HealthEast and Children’s Hospitals and Clinics –– located in Woodbury.
In addition to Miller, United Properties’ HealthEast service team includes Peter Opitz, Corporate Real Estate Services consultant, and the United Properties East Metro leasing team of Rob Kost, Tom Stella and Mark Stevens.
About HealthEast Care System
HealthEast Care System is a community-focused, non-profit health care system that provides a full spectrum of family health services. Hospitals include St. Joseph’s Hospital, St. John’s Hospital, Woodwinds Health Campus and Bethesda Rehabilitation Hospital. Other services include clinics, senior care centers, rehabilitation facilities, hospice, home care, outpatient surgery centers and a variety of other health facilities and programs. HealthEast has approximately 7,500 employees and has more than 1,300 physicians on staff. Locally owned and operated, HealthEast is the largest health care provider in the Twin Cities East Metro area.
About United Properties Corporate Real Estate Services
United Properties Corporate Real Estate Services provides strategic planning and advisory services, transaction management, lease administration, facility management and project management to corporate, healthcare and nonprofit clients nationwide. It is a division of United Properties, a full-service commercial real estate company with 450 employees providing real estate services around the country. In addition to corporate real estate services, the company specializes in brokerage, property management, facility services, construction management, development services and investment services. Based in the Twin Cities, United Properties is located on the Web at www.uproperties.com.
Media Contacts
Martha Nevanen
Vice President, Marketing Communications
952-893-7539
mnevanen@uproperties.com
Jessie Folkens
Sr. Communications Consultant
952-837-8516
jfolkens@uproperties.com