Interim Physicians is a national, leading healthcare staffing agency that pairs physicians and practitioners with flexible and profitable job opportunities. SpringBokIT is an information technology staffing agency. The project kicked off when SpringBokIT was referred and introduced to Cresa as a commercial real estate advisory firm. In turn, discussions with leadership led to an introduction with Interim Physicians as well. Cresa learned both firms had lease expirations coming due within two months of each other. Through the firms’ business ties, the idea of collocating into a single office space became the collective real estate strategy.
Cresa successfully negotiated a direct lease term with well-below market rents, a substantial rent abatement period and a “turn-key” build-out from shell space at the landlord’s sole cost and responsibility. Additional negotiations included a moving and cabling allowance, a termination option and a partially furnished temporary office space to be utilized through the completion of the build-out.