C&W Arranges 295 KSF Office Lease for Sutter Health
- Oct 16, 2012
By Lynn Armitage, Contributing Editor
In an agreement that is sure to help boost the flagging local economy, Sutter Health signed a 10-year lease on a 295,000-square-foot office building in Roseville, California, that will house more than 1,000 administrative employees — many of them new hires who will be phased into their positions over the next 18 months.
Cushman & Wakefield, the world’s largest privately-held commercial real estate services firm, represented Sutter Health in the transaction with the landlord, Quality Investment Properties. The site is part of an office complex formerly occupied by Hewlett Packard Co.
“We are delighted to have assisted Sutter Health in the delivery of an innovative real estate solution for their unique needs,” said Ron Thomas, one of the team leaders from Cushman & Wakefield.
Sutter Health’s new administrative hub, which is expected to open in early 2013 at 9100 Foothills Boulevard in Roseville, near Highway 65 and Blue Oaks Boulevard, will better serve patients by moving a number of business support services, such as billing, finance and human resources, into one central location. Currently, these services are managed in dozens of separate Northern California locations – from the Central Valley to the Bay Area.
“Their selection of the Roseville location to locate a major administrative service center speaks volumes about the area’s skilled workforce and business-centric approach to economic development,” said Thomas.
Barbara Hayes, president and CEO of the Sacramento Area Commerce and Trade Organization (SACTO), called it “a tremendous win for the region,” according to the Sacramento Bee.
Work will begin immediately on tenant upgrades, and the first phase of about 300 employees will move into the new administrative center in the first quarter of next year.
Cushman & Wakefield advises and represents clients on all aspects of property occupancy and investment, and has established a preeminent position in the world’s major markets.