Friday, April 8, 2011
Grubb & Ellis Represents Regents of the University of California in 24,053-SF Lease Renewal for UCLA
LOS ANGELES, CA (April 6, 2011) – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, today announced that members of its Tenant Advisory Group represented the Regents of the University of California in its lease renewal and restructure of a total of 24,053 square feet of office space located at 11075 Santa Monica Blvd. and 1640 S. Sepulveda Blvd.
Sean O’Leary, senior vice president, Maury Gentile, executive vice president, Heather Goyan, associate, Mark Sokolowski, associate, and Max Schneider, associate, facilitated the transaction.
Both spaces are used for research by the Integrated Substance Abuse Programs of the University of California, Los Angeles (campus, top left photo). The 17,665 square feet of space located at 11075 Santa Monica Blvd. will be remodeled and the university will move back into the space in June.
Gayle Landes of First Property represented the owner of the property, Hines, in the transaction.
The 6,388 square feet of space located at 1640 S. Sepulveda Blvd. has been rebuilt and the university has taken occupancy. Matt Ceragioli of NAI Capital represented the owner of the property, Jamison Properties Inc., in the transaction.
Contact: Julia McCartney, Phone: 714.975.2230