Molina - St. Louis, Missouri(1)
CLIENT Molina Healthcare of Missouri
LOCATION St. Louis, Missouri
SERVICES Tenant Representation
Lease Negotiations
Lease Administration
Work Space Optimization
Landlord Interface
CAM Review
PROPERTY SIZE 21,735 Square Feet
New Class “A” Office Space

ACCOUNT OVERVIEW

Damian McKinney met the Molina Family in 1989 in Long Beach, CA. At the time, Molina Healthcare was occupying about 10,000 square feet of corporate space; today, Damian, Jamie Endres, and Charlie Copelan now manage this Fortune 500 Company’s real estate portfolio of over 1 million square feet and growing. McKinney Advisory Group proactively adds to Molina’s earnings through brokerage negotiation as well as asset, project, and property management. McKinney acts as a trusted advisor to Molina, looking for ways to create value in every dollar spent. McKinney also accommodates the real estate needs of Molina Healthcare ranging from site location, lease and incentive negotiations, asset management, lease administration, CAM audits, legal administration, financial reviews, and continued tenant representation. By providing a comprehensive portfolio management service, McKinney helps Molina’s real estate, become assets adding to their bottom line.

 

CHALLENGE PRESENTED

Molina Healthcare occupied 100% of their current location however after the acquisition of another medical company they were immediately in need of real estate consolidation. Other concerns included creating a new corporate image and fluid transition of each of the new departments with existing operations. McKinney needed to review the real estate portfolio of the acquired company and create a solution to optimize their use of space.

 

SOLUTIONS

McKinney Advisory concluded that the best option was to move out of the old space into a better location for space optimization and expansion needs. They conducted extensive location searches in the surrounding areas and sent out proposals to the top three options. Making sure Molina received the best possible offer, McKinney reviewed multiple lease proposals and negotiated a final lease agreement. As a result of the lease language concessions negotiated by McKinney, the landlord was required to rectify code compliance issues. The expansion into the new facility provided a common denominator and new culture to the business. McKinney continues to be a part of the facilities management in Missouri for continued support.