Case Study: Partners In Health secures space for rapid growth and a $1M+ lease buyout with Cresa

Non-profit negotiates to accommodate rapid growth

Partners In Health, a Boston-based nonprofit working in healthcare, was struggling to accommodate rapid growth in a constrained Fenway space with three years remaining on its lease while seeking improved operational efficiency and an upgraded organizational image. They engaged Cresa for Transaction Management and Project Management to find a practical real estate solution.

Cresa negotiated a tenant‑favorable lease buyout by securing a long‑term replacement tenant, leveraged the market to obtain a below‑market lease at the Prudential Tower with Boston Properties, and secured a buyout allowance in excess of $1 million that Partners In Health used to offset its remaining Fenway obligation. Cresa’s project management also kept the move on budget and on task, enabling the nonprofit to relocate into a 37,586 sq. ft. space with improved operations and reduced financial burden.

Partners In Health

Ann Quandt

Vice President of Finance