Revo Health signs 33,000 sq. ft. lease for new corporate headquarters in Bloomington’s Northland Center
Forte Real Estate Partners advised healthcare services firm on relocation and consolidation
Forte’s Senior Vice President Katie Trevena and Principal Steve Brown advised Revo Health in the healthcare firm’s selection of Northland Center as their new corporate headquarters. The company, which plans to move into the space after the completion of the renovation in the first quarter of 2024, is consolidating two locations to support growth and efficiency.
The 33,000 sq. ft. space includes 25,000 sq. ft of a former sublease space combined with an adjacent 7,000 sq. ft. on the third floor of the 3500 building. Revo Health, a managed-services organization that specializes in supporting innovative physician leaders and helping independent practices grow, will be able to take advantage of some of the existing infrastructure to reduce their construction costs.
The growing company, which started in 2017, has operated out of a flex property in Golden Valley and in a smaller suite in France Place. Now with 300+ employees, the company was looking for more centrally located space in a building that offered amenities and more space for collaboration. Northland Center’s inner-ring location, covered parking, full-service café, workout facilities, and additional conference space firm made the property the best fit. In addition, Revo will have significant visibility through new exterior building signage.
“We are very conservative financially but knew that moving to larger, more collaborative space would help our employees provide better service to our clinics and physicians,” said Chris Bailey, Director of Development – Revo Health.
“We’re proud we could find a property that offered a significant upgrade in amenities, location, and layout without a significant increase in leasing expenses,” said Trevena. “Revo is a great example of a company that was patient and waited for new opportunities to surface during market disruption.” In addition to representing Revo in its space search, Forte’s Wally Tufvander, Vice President Project Management, will assist in the management of the renovation and relocation in conjunction with Revo’s inhouse facilities management team.
Northland Center, a two-building, 492,000 sq. ft. Class A office park located near the intersection of I-494 and France Ave. in Bloomington, MN., is owned by KBS and managed and leased by Cushman & Wakefield. It is 87% leased, with a number of new tenants announced in the last few months. Bill Rothstein and Dan Wicker represented KBS in the lease negotiations.
About Revo Health
Revo Health (Revo) is a management services organization that provides business support to innovative healthcare organizations across the country. We believe the future of healthcare is in the hands of physician leaders and we’re determined to see them thrive. Our all-encompassing approach to management services ensures that every physician can focus on patient care, while we handle the management of the day-to-day business.
Healthcare Real Estate
Senior Vice President | Real Estate Advisory
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