{"id":1004100452,"date":"2014-07-14T05:25:46","date_gmt":"2014-07-14T13:25:46","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004100452"},"modified":"2022-12-08T16:35:29","modified_gmt":"2022-12-09T00:35:29","slug":"amn-healthcare-signs-175-ksf-office-lease-renewal-for-san-diego-corporate-hq","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/amn-healthcare-signs-175-ksf-office-lease-renewal-for-san-diego-corporate-hq\/","title":{"rendered":"AMN Healthcare Signs 175 KSF Office Lease Renewal for San Diego Corporate HQ"},"content":{"rendered":"<p><i>By Keith Loria Contributing Editor<\/i><\/p>\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/07\/AMN.jpg\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004100457\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/amn-healthcare-signs-175-ksf-office-lease-renewal-for-san-diego-corporate-hq\/amn\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/07\/AMN.jpg\" data-orig-size=\"1024,687\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"AMN\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/07\/AMN.jpg?w=1024\" class=\"alignleft size-medium wp-image-1004100457\" alt=\"AMN\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/07\/AMN.jpg\" width=\"300\" height=\"201\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/07\/AMN.jpg 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/07\/AMN.jpg?resize=300,201 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2014\/07\/AMN.jpg?resize=768,515 768w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a>AMN Healthcare Services, Inc. has reached a deal on a lease renewal for its 175,000 square feet of office space at its corporate headquarters in Del Mar Heights, Calif., for approximately $120 million.<\/p>\n<p>Savills Studley represented the tenant in the transaction. The deal is the largest lease transaction in San Diego County this year in terms of total dollar consideration.<\/p>\n<p>\u201cFirst and foremost, this is a Class A office building located in a centrally located submarket of San Diego with access to fantastic amenities, ingress and egress, and centrally located to the employer travel pattern perspective, for recruitment and retention of employees,\u201d Douglas Lozier, Savills Studley\u2019s senior vice president of its San Diego office, told <i>Commercial Property Executive<\/i>. \u201cThe building itself is highly amenitized and is in walking distance of multiple amenity options.\u201d<\/p>\n<p>Located at 12400 High Bluff Drive, AMN has called the location home since 2003, when Kilroy Realty Corp. constructed the 210,000-square-foot, Class A office property as a build-to-suit for the company.<\/p>\n<p>The six-story, landmark office building offers easy I-5 freeway accessibility and visibility, and boasts an on-site caf\u00e9, fitness center, conference facilities and auditorium.<\/p>\n<p>A provision in the original lease allowed AMN to terminate the contract in 2016, which was a driver to the renegotiations.<\/p>\n<p>According to Lozier, by extending the lease four years early in advance of AMN\u2019s original 2018 lease expiration, the company was able to reduce its occupancy costs by $10 million while ensuring the company\u2019s tenancy in a desirable and well-located building.<\/p>\n<p>\u201cThe contributing driver there was about occupancy cost,\u201d he said. \u201cThey were roughly 10 years into a 15-year lease and well above market rate and this was looked at as an opportunity to reduce the occupancy costs and between now and the end of the original 2018 lease they were able to reduce costs by $10.5 million.\u201d<\/p>\n<p>As part of the lease renewal, the company was awarded an improvement allowance to retrofit the space. Planned changes include upgrades on cosmetic items, furniture and also a reconfiguration on the cafeteria and expansion of the fitness center.<\/p>\n<p>\u201cThis was a win-win for everyone,\u201d Lozier added. \u201cThe owner won\u2019t have to worry about a large block of space becoming available and it\u2019s always better to secure a tenant when you can than deal with a vacancy in the future.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"<p>AMN Healthcare Services has reached a deal on a lease renewal for its 175,000 square feet of office space at its corporate headquarters in Del Mar Heights, Calif., for approximately $120 million.<\/p>\n","protected":false},"author":451,"featured_media":1004100457,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21784,21742,21747,15],"tags":[],"class_list":["post-1004100452","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-brokerage","category-latest","category-office","category-west"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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