Posted 05 Mar 09 By: No comments yet

Hospital Services Corporation Inceases Space by 40 Percent with Move to Journal Center

ALBUQUERQUE — Rapidly growing Hospital Services Corp., which provides a wide variety of management and administrative services to the healthcare industry and general business community, is moving to Journal Center.

HSC has purchased the two-story, 24,388-square-foot building at 7471 Pan American Freeway NE in the heart of the North I-25 Corridor.

The building previously housed the Albuquerque campus of the University of Phoenix.

When HSC completes its move to the new location April 3, it will expand its office space by 40 percent from its current location, a 14,630-square-foot building at 2121 Osuna Road N.E., where it has been for 14 years.

Karen Hudson and Keith Bandoni of Maestas & Ward Commercial Real Estate represented HSC in the transaction.

“HSC’s purchase of this building is a good indication that companies are still growing and buying quality properties in Albuquerque,” Hudson said. “Although many parts of the country are experiencing a downturn in the economy, our market remains active and robust.

“This property is an ideal one for a growing company like HSC because it’s well located, meets their expansion needs for the foreseeable future and will definitely increase in value.”

Bandoni added, “This is the perfect time for growing companies to reposition themselves against their competition because it’s very likely that their competition isn’t growing in today’s market.”

HSC is a wholly-owned subsidiary of the New Mexico Hospital Association. With four distinct business units and more than 50 employees, the company provides administrative and management services to help healthcare and other organizations reduce their costs of doing business. The HSC business units are risk management third party administration; HealthXnet, which provides Web-based eligibility and claims status information; employment services, which include background investigations, unemployment compensation and fingerprinting; and credentials verification in 15 states.

“We’ve been growing significantly in recent years and outgrew our space,” explained HSC president Deborah Gorenz. “We originally intended to remodel our existing building but ultimately our board of directors felt that moving to a larger location would allow for another 10 years of growth.”

Also, because HSC is a statewide trade association that represents all hospitals in New Mexico, Gorenz said it was important to be located near the interstate for easy access and convenience for Albuquerque-area members, as well as those in other parts of the state who come in for conferences and meetings.

Hudson noted that the healthcare industry is expected to be one of New Mexico’s fastest growing over the next decade. “As Baby Boomers age, medical services of all kinds are in greater demand. Both the University of New Mexico Hospital and Presbyterian Hospital have plans to build new facilities in Rio Rancho. Those expansions will lead to further development of the medical sector and Maestas & Ward will focus on helping to meet those needs.”

Maestas & Ward has listed HSC’s free-standing, single-story Osuna Road building at $1,995,000.

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