Provation

About Provation Provation software delivers trusted clinical knowledge at the point of care to drive operational efficiency, drive regulatory compliance, and maximize reimbursement. Their software solutions uniquely combine current, relevant, medical content with advanced technology to enhance clinical documentation and clinical decision support. Their mission is to improve the productivity of clinicians and healthcare staff through the delivery of innovative medical content and software solutions. Minneapolis Real Estate Situation

• Square Footage: 54,726 SF Suites 400 and 400 C • Rental Rate: Currently $15.50 NNN escalating to $16.00 NNN during the last year of the term • Lease Expiration: 4/30/20 • Parking: Right to use 20 parking spaces • Own furniture

WHAT WE KNOW

Office Location Minneapolis, MN

Minneapolis Office Property Overview 800 Washington Avenue North, Suite 400, Minneapolis, Minnesota 55401 • Total Rentable Area: 350,000 SF • Typical Floor: 35,555 SF • Percent Leased: 92% • Year Built: 1910 • Building Height: 9 Stories • Current Asking Rent: $33.00—$35.00 Full Service

Part of CBD North Loop—Warehouse District

Current Office Market Options • 16 Existing Class A, B, & C options in the North Loop/CBD • Class A Rents: $29.00–$39.00/SF Full Service • Class B Rents: $25.00–$30.00/SF Full Service • Warehouse Redevelopments: $30.00–$35.00/SF Full Service • Free Rent: One (1) month per year of term • Escalation: $.35-$.50/year • TI: $35.00-$60.00 depending on lease term

Made with FlippingBook Learn more on our blog