Case Study: Midwest Institute for Clinical Research achieves reduced overhead and a modernized, expanded facility with Cresa

Midwest Institute for Clinical Research - Customer Case Study

Midwest Institute for Clinical Research (MICR), a 10,000 sq. ft. healthcare tenant in Indianapolis, faced rising lease costs and unreset pass-through expenses after nearly a decade at the same location, while needing to remain within a one-block radius for patient access. Cresa was engaged to provide Transaction Management to identify market options and negotiate terms that preserved patient accessibility and improved space and cost outcomes.

Cresa identified several nearby vacancies, negotiated below-market deals to create leverage with MICR’s landlord, and presented relocation options; MICR chose to relocate. With Cresa’s Transaction Management, MICR secured an attractive market rate, modernized and expanded its facility, consolidated offsite file storage into-house, reduced annual overhead, obtained 2,000 sq. ft. of contiguous storage free for 10 years, gained reserved parking and prominent building signage, and finalized a favorable 10-year lease.

Midwest Institute for Clinical Research