Silicon Valley Surgery Center
The Challenge
A Fortune 100 healthcare provider was facing a critical deadline: they were losing their lease at an existing surgery center with no option to renew. To maintain operations, they needed to relocate to a modern, state-of-the-art facility in a tightly constrained "in-fill" market where zoned medical inventory was virtually non-existent.
Strategic Approach
HealthMed Realty executed a complex, multi-party strategy to create inventory where none existed.
Off-Market Sourcing: Through an exhaustive search, we identified a single-story R&D building (formerly a diagnostic lab) that was off-market but ideal for conversion to an Ambulatory Surgery Center (ASC).
Developer Representation: We advised a major healthcare developer on the acquisition, negotiating a purchase contract with extended timelines to allow for necessary zoning changes and parking entitlements.
Operational Continuity: Simultaneously, we negotiated a critical short-term lease extension at the tenant’s prior location, bridging the gap between the lease expiration and the new facility's completion.
Value Delivered
- Asset Transformation: Successfully converted an underutilized R&D asset into a high-value, 24,000 SF clinical facility.
- Exclusive Access: Secured a prime property in Silicon Valley before it hit the open market.
- Long-Term Value: Negotiated a site for a developer solving a mission-critical real estate crisis for a Fortune 100 health system.
Project Team
Ready for Similar Results?
Every healthcare real estate challenge is unique. Let our team apply the same strategic approach to your next project.
Schedule a Consultation