Health-Care Network Fully Leases LA MOB

Real Estate

Newmark and Industrial Asset Team represented California Fertility Companions in the transaction.

Sawtelle Plaza

California Fertility Associates, a subsidiary of Pinnacle Fertility, has signed a full-constructing lease at Sawtelle Plaza, a 34,000-sq.-foot professional medical workplace house in Los Angeles. The health-care service provider will relocate its headquarters from 11818 Wilshire Blvd. to the new space. Newmark and Business Asset Team represented the tenant, while Business Partners and Lee & Associates labored on behalf of the proprietor, Arenda Cash Administration.

Arenda acquired the Course B asset in 2016 for $17 million, CommercialEdge facts shows. Done in 1992, the .4-acre residence comprises a three-story health-related business facility and 102 parking spaces. The building will dwelling CFP’s professional medical and consulting places of work, as nicely as a fertility and in vitro fertilization laboratory.

Browse ALSO: How Curiosity Level Hikes Will Effects CRE

Situated at 2045 Sawtelle Blvd. along the Sawtelle Corridor, the home is 14 miles west of downtown Los Angeles, close to Interstate 405 and north of Interstate 10. VA Higher Los Angeles Healthcare Technique clinic is inside 1.5 miles of the facility.

Senior Handling Directors Steven Salas and Kelly Reinker of Newmark and Executive Vice President Daniel Chiprut of Business Asset Group negotiated on behalf of the tenant. Founder & Taking care of Principals Dusan Miletich and Evan Meyer of Arenda Money Management, Partner Andrew Jennison of Business Associates and President Aleks Trifunovic of Lee & Associates represented the landlord.

Sharing is caring!

Facebook Comments

Leave a Reply