Case Study: Everett & Hurite (Southpointe)
Learn how Donahue Real Estate Advisors helped Everett & Hurite secure a new office space in Southpointe Business Park, near Canonsburg, PA, with favorable terms and necessary amenities, supporting operational needs and long-term growth.
Project Objectives
- Secure a space to maintain patient volume without disruption.
- Ensure proximity to the former practice location to retain existing patients.
- Find a modern building with easy access and space for a state-of-the-art office and clinic.
- Identify a landlord willing to fund necessary tenant improvements.
Project Challenges
- Space Requirements: Everett & Hurite needed a larger space due to outgrowing their South Hills location and an increase in patient volume.
- Patient Convenience: Required free parking, easy patient drop-off, accessibility, and easy navigation.
- Suitable Building: Needed a building within the Southpointe office complex that could accommodate a medical tenant with the right amount of space.
- Receivership Issue: The selected building went into receivership, necessitating careful negotiation to ensure the deal continued as planned with agreed-upon improvements funded.
Client Profile
- Size: 6,000 – 7,000 SF
- Location: Near Canonsburg, PA
- Industry: Medical Practice
- Project Type: Relocation
- Company Bio: Everett & Hurite Eyecare Specialists have provided patient-centric eye care since 1974. As Pittsburgh’s top-rated eye care specialists, they offer comprehensive services under one roof, utilizing the latest technology to help patients of all ages preserve, maximize, or restore their vision.
The Curveball
Receivership of Selected Property: During negotiations, the chosen building entered receivership, posing potential disruptions and complications in securing necessary tenant improvements and ensuring a seamless relocation.
Project Timeline
Strategic Solutions by Donahue Real Estate Advisors
- Strategic Planning: Conducted a comprehensive assessment of Everett & Hurite’s needs within the Southpointe office complex.
- Lease Negotiations: Negotiated favorable lease terms, including a long-term lease with a turnkey agreement.
- Continuous Communication: Maintained regular updates with Everett & Hurite to monitor the deal’s progress.
- Navigating Receivership: Ensured the deal continued as agreed, confirming that new ownership would fund necessary improvements.
Results: Success Through Strategic Relocation and Negotiation
- Prime Location: Secured a larger, modern office space with amenities including free parking and easy patient access.
- Patient Retention: Proximity to the original location helped retain existing patients.
- Favorable Terms: Negotiated terms for a turnkey space, minimizing financial burden and disruption for the client.
- Seamless Transition: Facilitated a smooth relocation, supporting future growth potential.
Conclusion: Facilitating Growth and Stability for Everett & Hurite
Through expert guidance, Donahue Real Estate Advisors helped Everett & Hurite secure a new office space in Southpointe Business Park, near Canonsburg, PA, with favorable terms and necessary amenities, supporting operational needs and long-term growth.
“As a medical provider to many patients, the relocation of our South Hills office required a tremendous amount of analysis and care before we selected the best option. Jack and Alex at Donahue Real Estate Advisors, did extensive research of the South Hills market for us to help us find the right building with lease terms that exceeded our expectations.
When there was an issue between the building ownership and lender, Jack and Alex pulled all of the stakeholders together on a call to make sure the job got done. Donahue Real Estate Advisors professionalism and direct honest approach mitigated the stress in searching and closing on new space. Truly a partnership for success.“
Stephen McLean, Chief Executive Officer of Everett & Hurite