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CASE STUDY

Quick Highlights

Benefits of hiring an Advisor:

  • Experience and market knowledge
  • Save your business time and money
  • Conflict-free, unbiased perspective

Overview/Challenge

Retina Consultants of Minnesota (“RCM”), an independent eye practice specializing in the medical and surgical treatment of eye disorders involving the retina, macula and vitreous, was looking to expand two clinics but needed help evaluate options. The two clinic locations in Blaine and St. Cloud added physicians, which expanded the practices and required more sq. ft.

Strategy

RCM was represented by Steve Brown, Forte Real Estate Partners, for market analysis, site selection and lease negotiations for both locations. He helped assess the current properties to ensure the locations fit the culture, customer, and function of the clinics. He has worked with RCM for 5 years supporting their growth and expansion in the Minnesota market.

Results

In St. Cloud, RCM relocated from 4,000 sq. ft. in the Midsota Building to an expanded clinic of 8,780 sq. ft. in the Granite Corporate Center, which is scheduled to open in October 2024.  In Blaine, they are relocating the existing 4,000 sq. ft. clinic to the Blaine Medical Center, where they occupy an expanded 8,000 sq. ft. clinic that opened in November 2023. With the expanded footprint, RCM has seven clinics in Minnesota. Scott Heintzeman, Chief Operating Officer at RCM, said, “We have worked with Steve since 2018. He has assisted us in establishing a full-service project team including design, construction and legal review that understands RCM and its unique needs. This allows RCM to evaluate options in any market and execute upon them once a site is selected.” Steve Brown, who has worked with hospital systems, clinics, and private practice groups for nearly 40 years, said, “Scott has established an exceptional template for evaluating sites depending on the number of physicians needed to service a particular market. That allows us the ability to evaluate potential options efficiently and effectively in any given market. It is a wonderful partnership and collaboration.” Forte’s Healthcare Advisory practice works with hospital systems, clinics, and private practice groups from all healthcare specialties. Brown has worked with 225 healthcare clients providing market analysis, lease renewal and relocation evaluation and analysis, strategic site selection and acquisitions, in sizes ranging from 1,000 sq. ft. to more than 300,000 sq. ft.
About Retina Consultants of Minnesota: With over 1,700,000 annual patient visits, over 220 physicians, more than 200 locations, and 20 states, Retina Consultants of America (RCA) is the largest retina care provider in the nation and part of Retina Consultants of America.

Healthcare Real Estate

With experience in all types of healthcare real estate – from office flex and retail space to Class A office buildings – the Forte team understands the importance of patient access, adjacency of services, and privacy.
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Steve Brown, CCIM

Steve Brown, CCIM

Principal

o: 952-525-3335 c: 612-805-2232 steve.brown@forterep.com

News & Updates

Lease Admin professional Trent Waterman joins Forte

Lease Admin professional Trent Waterman joins Forte

NEWS POSTLease Admin professional Trent Waterman joins ForteTrent Waterman joins Forte Real Estate Partners to continue to build out the firm’s full-service commercial real estate platform. Trent has nearly 20 years of commercial real estate experience and 16 years...

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