By Commercial Real Estate RICHARD METCALF Of the Journal
Publication: Albuquerque Journal (New Mexico)
Albuquerque-based Heritage Home Healthcare, with more than 1,200 employees, is lined up to purchase about three-quarters of a 48,400-square-foot “flex” office building at the Journal Center that’s been empty and available for more than a year.
Founded in 1993 by Len and Liz Trainor, the company provides both health care and personal care services to people in their homes. Heritage plans to consolidate its corporate headquarters and its Albuquerque operations center, now at separate locations, into 36,000 square feet at Brunacini Development’s Journal West building at 3721 Rutledge NE.
“We wanted to own the building that operations is in – build equity in our real estate – plus have room to expand,” said Len Trainor, who is company CEO.
The operations center is currently in 23,000 square feet of leased space at 1700 Louisiana NE in the Uptown area. The lease expires in early 2010.
The value of the deal, which isn’t expected to finalize until around the end of the year, has not been disclosed. Maestas & Ward Commercial Real Estate is doing both sides of the transaction: Dave Hill and Martha Carpenter represent Heritage, while Karen Hudson represents Brunacini.