Cushman & Wakefield arranges 295,000 SF lease expected to support more than 1,000 local jobs
Sacramento, Calif., October 15, 2012 – On behalf of Sutter Health, Cushman & Wakefield today announced the completion of a 10-year, 295,000 square foot office lease at 9100 Foothills Boulevard in Roseville. The new lease enables Sutter health to establish a major administrative service center in Roseville supporting the network’s Northern California health care operations. The center is expected to employ more than 1,000 administrative support staff over the next 18months with more growth over time.
Cushman & Wakefield’s leasing team led by Ron Thomas and Kevin Partington, together with Bruce Hohenhaus and Chris Schwarze, represented the tenant, Sutter Health. The landlord, Quality Investment Properties, was represented by Dennis Shorrock and Bruce Wirt of Cornish & Carey Commercial Newmark Grubb Knight Frank.
“We are delighted to have assisted Sutter Health in the delivery of an innovative real estate solution for their unique needs,” said Mr. Thomas. “Their selection of the Roseville location to locate a major administrative service center speaks volumes about the area’s skilled work force and business-centric approach to economic development.”
Sacramento Area Trade and Commerce (SACTO) was fully engaged in the transaction enlisting the support of multiple partners at the municipal and state level to leverage Sutter Health’s strong economic investment in the area.
The creation of a central administrative service hub is part of an effort to transform how Sutter Health delivers business support services across its growing network of care. Services such as finance, billing, human resources and other non-patient care functions will move to the Roseville center. Currently, these services are provided in dozens of separate Northern California locations, including patient care sites. Sutter Health’s system offices will remain in Sacramento.
Serving patients and their families in more than 100 Northern California cities and towns, Sutter Health doctors, not-for-profit hospitals and other health care service providers share resources and expertise to advance health care quality and access. The Sutter Medical Network includes many of California’s top-performing, highest quality physician organizations as measured annually by the Integrated Healthcare Association. Sutter-affiliated hospitals are regional leaders in cardiac care, women’s and children’s services, cancer care, orthopedics and advanced patient safety technology.
Cushman & Wakefield is the world’s largest privately-held commercial real estate services firm. The company advises and represents clients on all aspects of property occupancy and investment, and has established a preeminent position in the world’s major markets, as evidenced by its frequent involvement in many of the most significant property leases, sales and assignments. Founded in 1917, it has 243 offices in 60 countries and more than 14,000 employees. It offers a complete range of services for all property types, fully-integrated on a global basis, including leasing, sales and acquisitions, debt and equity financing, investment banking, corporate services, property management, facilities management, project management, consulting and appraisal. The firm has more than $4 billion in assets under management globally. A recognized leader in local and global real estate research, the firm publishes its market information and studies online at www.cushmanwakefield.com/knowledge.