CASE STUDY
Forte advises Skin Rejuvenation Clinic on new Edina location
Quick Highlights
Benefits of hiring an Advisor:
- Local Market Knowledge
- Experience
- Conflict-Free Unbiased Perspective
Our trusted advisors have expereince in negotiating leases and communicating with landlords. We work with you to keep the best interest of your business in mind.
Benefits of hiring a Project Manager:
- Move Management
- Planning & Pre-Planning
- Quality Assurance
Coordinating and hiring vendors (Architect, General Contractor, Furniture, AV, IT, Security, and Movers) is time-consuming. A Project Manager will assure the process is completed with less risk, surprises, and cost.
Overview
Skin Rejuvenation Clinic, the Twin Cities’ leading skin and body clinic, was founded in 2004 by the husband-and-wife team of Dr. Elizabeth and Dr. Mark Hagberg. “The Hagbergs worked with Steve Brown during their initial clinic lease, and his familiarity with their business as well as the marketplace allowed us the flexibility to make the best facility decision possible to take this business to the next level,” said Kristi Langemo, Regional Director of Operations at Cosmetic Physician Partners.
Challenge & Strategy
The goals of the new location included easy access for patients, updated interior design, and remaining in Edina. Skin Rejuvenation Clinic was looking to expand their footprint, reduce their overall real estate costs and relocate to a new state of the art facility that met the needs for a future-looking facility.
Brown and Katie Trevena, Senior Vice President – Advisory, worked with the clinic’s ownership to assess location options and represent them in negotiations with building landlords. As part of our Project Management scope of services, Wally Tufvander, Vice President – Project Management, was able to manage the move and remodeling of the new clinic location.
Results
“This was truly a win-win for the client and the property. Skin Rejuvenation, a Cosmetic Physician Partners Clinic, found a great long-term location that reflects the next chapter for this successful business, one that will serve their patients and their business well in the future. I’m proud to have helped the Hagberg’s again as they have advanced and grown their practice. Its exciting to be part of providing Skin Rejuvenation a new home for this thriving business.” said Brown.
Skin Rejuvenation Clinic selected France Place, 3601 Minnesota Dr, Suite 100, Edina for their new space. Moving from 7,567 sq. ft. in Southdale Medical to a new 10,000 sq. ft. highly visible location on the ground floor of France Place was the end result. Forte managed the project architecture, construction, medical casework, furniture, AV / IT, and relocation for a project that involved combining and renovating four suites on the first floor of France Place in a location that offers building signage and a private entrance for patient convenience. The renovation and relocation were completed at the end of July, when the clinic began operating out of the new space.
“The Hagbergs worked with Steve Brown during their initial clinic lease, and his familiarity with their business as well as the marketplace allowed us the flexibility to make the best facility decision possible to take this business to the next level.”
Kristi Langemo
Cosmetic Physician Partners
Real Estate Advisory
Katie Trevena
Senior Vice President | Real Estate Advisory
o: 952-525-3332
c: 612-481-1699
katie.trevena@forterep.com
Wally Tufvander
Vice President | Project Management
News & Updates
Q3 2024 Minneapolis-St. Paul Industrial Market Summary
MARKET INSIGHTQ3 2024 Minneapolis-St. Paul Industrial Market SummaryIndustrial market continues to moderate with increasing vacancy, stabilizing lease rates By: Dan Lofgren, Senior Vice President - Real Estate Advisory Data from MNCAR/REDI shows that the Twin Cities...
Q3 2024 Minneapolis-St. Paul Office Market Summary
MARKET INSIGHTQ3 2024 Minneapolis-St. Paul Office Market SummaryOffice vacancy rate continues to rise, with bright spot in the West submarket By: Nancy Powell, Vice President - Real Estate Advisory Low unemployment rates can often align with a strong office market,...
Three tips to find “hidden money” in your real estate leases and contracts
NEWS POSTThree tips to find "hidden money" in your real estate leases and contracts A deep dive into lease contract language to protect your businessBy: Claire Langland Johnson, Manager - Portfolio Services#1. Don't miss critical dates #2. Audits of operating expenses...