Parallon Business Performance Group | Operations Facility

Property Description

Completed in 2013 as a build-to-suit for the Tenant, the Property consists of a single-story, Class A office building that totals approximately 83,200 rentable square feet of space. The Property is leased in its entirety to Parallon Business Performance Group, one of the healthcare industry's leading providers of business services in the areas of revenue cycle optimization, workforce management and supply chain efficiency. The lease is fully guaranteed by HCA Health Services of Florida, Inc. - a subsidiary of HCA Holdings, Inc., one of the nation's leading providers of healthcare services. 

Business Essential Attributes

The Property is utilized as one of just eight Business Performance Group operations centers that service more than 250 facilities and 750 physician practices nationwide. Operations at the Property are entirely devoted to the collection of revenue received by HCA-affiliated healthcare service providers (e.g. helping these hospitals most efficiently process Medicare and Medicaid payments). This mission critical work is the reason this facility has a 1000kw generator that can run the entire building for three days straight; additional upgrades include hurricane proof glass and extra roof reinforcements.

Additional Property Information

Positioned along the north side of 126th Avenue North, the Property is just one-half mile to the west of U.S. Highway 19 North, one of the region’s primary north-south thoroughfares, and is within five miles of Interstate 275, which feeds into Interstate 75. Additionally, just six miles to the north is State Road 60, which traverses the north end of the Bay and connects with State Road 589 to the east. Together, these thoroughfares provide excellent ingress and egress and superior access to the entire Florida market. The Property is also within 10 minutes of the St. Petersburg-Clearwater International Airport.

Parallon Business Performance Group | Operations Facility

Largo, Florida

PROPERTY AT A GLANCE

Property Type: Office
Square Footage: 83,200

Leased: 100%
Lease Expiration: Month 31, 2005
Renewal Option(s):
Two, 5-year renewal options at 95% of Fair Market Rent.
Rent Increase(s):
Commencing April 1, 2016: 1.6% average annual increases.
Tenant:  Parallon Business Performance Group
Guarantor:   HCA Health Services of Florida, Inc.
Website:  www.parallon.com
NYSE* (Parent): HCA

*Stock ticker symbol is for HCA Holdings, Inc. the parent company of HCA Health Services of Florida, Inc., the guarantor of the lease.