Case Study: Medical Technology Company
Learn how Donahue Real Estate Advisors helped a medical technology company seamlessly relocate into a larger, customized space, overcoming supply chain challenges and securing a key off-market property.
Project Objectives
- Consolidate two operational sites into a single, efficient location to enhance workflows.
- Secure a new, customizable space to support an upcoming product launch.
- Ensure long-term stability through a purchase option on the property.
Project Challenges
- Shift in Strategy: Initially focused on lease renewals, the need for a larger space due to a product launch shifted the company’s strategy toward relocation.
- Tight Market with Limited Options: Extensive market surveys and building tours highlighted the limited availability of suitable properties.
- Supply Chain Disruptions: Renovation and expansion were delayed due to supply chain issues, threatening project timelines.
Client Profile
- Industry: Medical Technology
- Previous Locations: Suburban Pittsburgh, PA
- Flex Space: 28,800 RSF
- Office Space: 41,567 RSF
- New Location: Customized Expansion to 41,000 SF in suburban Pittsburgh, PA
- Company Bio: This innovative medical technology company specializes in life-saving products that enhance critical care and emergency medical services.
The Curveball
Faced with a tight occupancy deadline, Donahue worked closely with the developer to keep the project on track. Through constant communication and strategic problem-solving, they ensured construction and lease terms aligned with the client’s timeline, allowing them to move in as planned without delays.
Project Timeline
Strategic Solutions by Donahue Real Estate Advisors
- Extensive Market Analysis: Donahue Real Estate Advisors conducted a comprehensive survey of available properties in suburban Pittsburgh, identifying both listed and off-market options.
- Identifying a Key Off-Market Opportunity: While conducting building tours, Donahue identified an off-market building that became the ideal candidate for the client’s needs due to its expansion potential.
- Collaboration with Developer: Donahue worked with the developer to expand the existing building footprint to 41,000 RSF, accommodating the client’s long-term space requirements.
- Flexible Landlord Partnership: The building’s landlord was highly responsive, managing requests within 24 hours and ensuring renovation efforts stayed on track despite supply chain delays.
Results: Success Through Strategic Planning and Flexibility
- Consolidated Operations: The client successfully relocated and consolidated production from two locations into a single, streamlined site.
- Optimized Layout for Efficiency: The renovation allowed the client to design an ideal production layout, boosting efficiency by 30% and reducing operational costs by 15%.
- Seamless Employee Transition: Office staff were easily transitioned between the new building and nearby headquarters, enhancing operational continuity.
- Long-Term Stability: Donahue secured an option for the client to purchase the property, offering stability and future growth opportunities.
Conclusion: Positioned for Long-Term Growth
By leveraging strategic market insights and developing creative, client-specific solutions, Donahue Real Estate Advisors successfully guided this medical technology company through a complex relocation and consolidation process. From uncovering a key off-market property to working through challenging supply chain issues, Donahue’s collaborative approach ensured a seamless transition into a larger, customized space ready to support the client’s ongoing growth.