AMN Healthcare Signs 175,000-Square-Foot Office Lease Renewal For San Diego Corporate Headquarters
San Diego, CA (July 10, 2014)
AMN Healthcare Services, Inc. (NYSE:AHS), one of San Diego’s most prominent companies, renewed its lease for 175,000 square feet of office space at 12400 High Bluff Drive in Del Mar Heights. AMN’s corporate headquarters has been located here since 2003, when Kilroy Realty Corporation constructed the 210,000-square-foot, Class A office property as a build-to-suit for the company. AMN signed a long-term renewal valued at approximately $120 million, the largest lease transaction in San Diego County this year in terms of total dollar consideration.
Douglas Lozier, Senior Vice President of Savills Studley’s San Diego office, represented the tenant in the early lease restructure and renewal. Lozier, who leads the office’s Life Science, Healthcare and Technology Real Estate Advisory Practice, has represented AMN on numerous transactions across the United States.
“In orchestrating the transaction well in advance of our client’s 2018 lease expiration, we were able to reduce AMN’s occupancy costs by $10 million while ensuring the company’s tenancy in a desirable and well-located building,” said Lozier. “We are appreciative of the opportunity to represent such an important San Diego tenant and create a real estate solution that meets the long-term needs of the company, its employees and its clients.” Currently, 800 AMN employees are housed at the headquarters location with room to expand to 1,000 employees.
12400 High Bluff Drive is a six-story, landmark office building that offers exceptional I-5 freeway accessibility and visibility, and boasts an on-site café, fitness center, conference facilities and auditorium.
Savills Studley San Diego also recently represented the law firm of Sheppard Mullin in its early lease restructure for 55,000 square feet of Class A office space at 12275 EL Camino Real, resulting in a similar, significant occupancy cost reduction for the client.
About Savills Studley
Savills Studley is the leading commercial real estate services firm specializing in tenant representation. Founded in 1954, the firm pioneered the conflict-free business model of representing only tenants in their commercial real estate transactions. Today, supported by high quality market research and in-depth analysis, Savills Studley provides strategic real estate solutions to organizations across all industries. The firm’s comprehensive commercial real estate platform includes brokerage, project management, capital markets, consulting and corporate services. With 28 offices in the U.S. and Canada, and a heritage of innovation, Savills Studley is well known for tenacious client advocacy and exceptional service.
The firm is part of London-headquartered Savills plc, the premier global real estate service provider with over 30,000 professionals and over 700 locations around the world. Savills plc is listed on the London Stock Exchange (SVS.L).
For more information, please visit www.savills-studley.com and follow us on Twitter @SavillsStudley and LinkedIn.
About AMN Healthcare
AMN Healthcare is the innovator in healthcare workforce solutions and staffing services to healthcare facilities across the nation. AMN Healthcare's workforce solutions - including managed services programs, vendor management systems, and recruitment process outsourcing - enable providers to successfully reduce complexity, increase efficiency and improve patient outcomes within the rapidly evolving healthcare environment. The Company provides unparalleled access to the largest network of quality clinicians and physicians through its innovative recruitment strategies and breadth of career opportunities. Clients include acute-care hospitals, government facilities, community health centers and clinics, physician practice groups and many other healthcare settings. AMN Healthcare disseminates news and information about the Company through its website, which can be found at www.amnhealthcare.com.