July 11, 2019
Collin Krabbe
Reporter, Albuquerque Business First
Matt Finkelstein is taking Albuquerque office amenities to the next level at the Optimum Building, with plans to offer luxuries largely unavailable elsewhere.
Those will include float pods, contraptions filled with water that users float in and advocates claim provide benefits such as pain relief, relaxation and improved quality of sleep.
Salt rooms, which utilize a therapeutic method called halotherapy, will be available. When inhaled, the salt particles are said to help clear the respiratory tract, open airways and reduce inflammation, according to the Salt Therapy Association.
A hyperbaric chamber, used for increasing oxygen levels in the body, and photomodulation treatment bed, which some say can be used for treating skin conditions, will be on tap.
Yoga classes, Peloton bikes, lockers and showers are also to be on site, as will a cafe. And a new event center is planned for the top floor. Renovations are slated to be finished by the end of the year.
The buildout is being performed by Albuquerque contractor Travers Mechanical Services and will be designed by Environmental Dynamics, Inc.
Finkelstein, who co-founded Southwest Women's Oncology with his spouse, said the concept was spurred by the desire to bring various technologies and amenities together for optimizing patients' time. Then they decided to extend those options beyond the oncology practice, located in the building.
"Frankly, I'm not trying to make a buck," Finkelstein said. "I'm interested in helping people be better."
NAI Maestas & Ward brokers DJ Brigman and Dave Hill are representing the 78,000-square-foot property, which Finkelstein said is over three-quarters leased. The second floor of the four-story facility is set to be used as a co-working space, and another medical tenant has committed to signing a lease on the third floor, according to Finkelstein.
The building, located at 5700 Harper Dr. NE, was previously owned by California-based PARS SVSP, Inc., according to a San Diego County, California, special warranty deed. Barbara Haase of Albuquerque brokerage C&S Real Estate and Development represented the seller in the transaction. Finkelstein closed the deal in March, he said, declining to disclose the amount paid.
Maestas & Ward is charging between $22.50 and $25 per square foot for Optimum Building space, with pricing depending on if tenants opt to use the amenities on a pay-per-use basis or have continual access, according to Hill.
A rendering of the planned Optimum Building exterior. Courtesy Matt Finkelstein.
