BEST MEDICAL LEASE DEAL OF THE YEAR
VALLEY MEDICAL PLAZA
14600 Sherman Way, Suite 3
Square
Footage: 18,218
Cody Chiarella of CBRE represented the landlord, while Angie Weber and Dana Nialis represented the tenant, to secure an early long-term extension at Valley Medical Plaza, a 100,000 square foot outpatient medical project. The project is owned by Healthcare Realty, and the occupier is Optum. This location is critical for Optum, with a total of 18,218 square feet on a full floor. The brokerage team’s strategic guidance was key in securing this opportunity for both the ownership and tenant. The retention of Optum is a notable win for the San Fernando Valley, allowing Healthcare Realty and Optum to maintain a high-quality brand for this trophy project.
BEST MEDICAL LEASE
18533 Soledad Canyon, Santa Clarita
Square Footage: 14,743
JLL represented Northeast Valley Health Corporation (NEVHC) in a new lease in Santa Clarita. This is a 10-year lease extension and expansion (doubling in size) for Northeast Valley Health Corporation of their Santa Clarita Health Center. This lease represents the growing trend of medical uses co-locating in retail settings, which provide an ease of access for patients and drive increased foot traffic to neighboring retailers. JLL’s Bryan Lewitt and Chris Isola represented NEVHC in the transaction.
BEST MEDICAL LEASE
24355 Lyons Ave., Santa Clarita
Square Footage: 13,149
JLL secured this new lease for The Stepping Stones Group that provides therapeutic and behavioral health services for children. One challenge associated with this transaction was the need to create an outdoor play area for the tenant. The Welltower asset management team was willing to provide access to a portion of the surface parking area to convert to the playground, while still maintaining a 4/1,000 parking ratio for the existing medical tenants.