UCLA Health
Los Angeles, CA (December 2, 2015) — Newmark Grubb Knight Frank (NGKF) has completed a 10-year, 18,500-square-foot lease with UCLA Health in the South Bay market of Los Angeles County. Located at The Financial Center at 501 Deep Valley Drive in Rolling Hills Estates, UCLA Health, which previously occupied 7,500 square feet on the asset’s ground floor, will now occupy an additional two full floors.
Executive Managing Directors Sean O’Leary and Maury Gentile and Associate Director Max Schneider from NGKF’s El Segundo office, completed the transaction on behalf of the tenant, UCLA Health. The landlord is West Coast Capital Partners.
“After reviewing multiple locations in various submarkets, 501 Deep Valley was chosen as the best option for our client’s space needs,” said O’Leary.
Built in 1987, The Financial Center totals 32,000 square feet and includes medical and office users. The four-story, Class A property also includes an adjacent parking structure and features high end finishes and upgraded common areas. It is well-located near abundant shopping and dining amenities and is in proximity to the Promenade on the Peninsula Mall.
UCLA Health Palos Verdes is part of a 150-office network of primary care and specialty offices the health system operates in Southern California, providing access to physicians in the specialties of family medicine, internal medicine, pediatrics, cardiology and dermatology.
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NGKF’s 12,800 professionals operate from more than 370 offices in established and emerging property markets on six continents.
With roots dating back to 1929, NGKF’s strong foundation makes it one of the most trusted names in commercial real estate. NGKF’s full-service platform comprises BGC’s real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.
NGKF is a part of BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets. BGC’s common stock trades on the NASDAQ Global Select Market under the ticker symbol (NASDAQ: BGCP). BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol (NYSE: BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit http://www.bgcpartners.com/.
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