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Friday, May 23, 2025

2025 Commercial Real Estate Awards: Best Community Impact Lease of the Year 

BEST COMMUNITY IMPACT LEASE DEAL OF THE YEAR
CAL STATE UNIVERSITY OF NORTHRIDGE
10150 Lindley Ave., Northridge
Square Footage: 151,736

The Hilltop, a historically unusable and underutilized parcel in the San Fernando Valley, is being transformed in a groundbreaking deal that reimagines its potential. Due to its unique geological features and the presence of a fault line, development on the site has been challenging. However, this innovative lease agreement with Valley United Soccer Club marks a visionary use of the space, converting the location into a valuable community asset. Facilitated by Zorik Dadoyan, the off-market deal exemplifies forwardthinking collaboration. Valley United Soccer Club, the new tenant, will develop two state-of-the-art soccer fields and has secured a lease with options extending up to 20 years.


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