REALESTATE

Market Outreach – Potential Satellite Locations

Legend

LKR-07: New consolidated admin and PHQ facility and new MC satellite

Leasing

• Market is favorable for tenants

• Large tenants have leverage – County may solve a vacancy challenge for an owner

LKR-06: New core admin facility, renovated PHQ, and new MC satellite

• Renovated second generation space outside Clayton will be less costly (full service)

• Build to suit lease space will be more costly with most costly upfront costs

• County is within window to begin negotiations with landlords

LKR-04: Existing LKR houses core Admin and PHQ functions; new MC satellite

LKR-01: Sprinkler mandate

Industrial Conversion

• May be an option, but will require deeper space search and cost analysis

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