Avison Young completes 19,000-sf medical office lease with Eden Fertility Management, LLC in Newport Beach, CA
Los Angeles, CA – Avison Young, the world’s fastest-growing commercial real estate services firm, announced today that it has negotiated an 11-year, 19,000-square-foot (sf) medical office lease on behalf of Eden Fertility Management, LLC at Newport Heights Medical Campus, a newly built, class A medical campus in Newport Beach, CA.
Avison Young Principal Michael Dettling, who is based in the company’s Los Angeles North office, represented the tenant, Eden Fertility Management, a provider of comprehensive clinical, administrative and business development services to both small and large in vitro fertilization (IVF) practices. The landlord, Newport Heights Ventures, LLC, was represented by Bryan McKenney of Cypress West Partners.
Built in 2017, Newport Heights Medical Campus totals 60,000 sf and is located at 20350 to 20360 Birch Street. With this latest lease, the Newport Heights campus is now 100% leased. Dettling also recently represented Starpoint Health in leasing 9,000 sf and California Foot and Ankle in leasing 4,000 sf within the property.
“With only about 7% vacancy in the Newport Beach medical office market, finding large, contiguous class A medical space in upscale neighborhoods is difficult,” comments Dettling. “Newport Heights was a great match for my medical/surgical clients wanting to practice in the area.”
Dettling adds, “While this is the first office site for Eden Fertility, we are working with the tenant to identify and negotiate several additional locations in various regions throughout Southern California. Each regional site will include clinic space for physician offices, patient-examination rooms, a surgery center and an IVF lab.”
Newport Heights Medical Campus is well-located in an affluent infill area that is a short drive to other major medical centers including Hoag Hospital-Newport Beach, Fountain Valley Medical Center, Orange Coast Memorial, Kaiser Irvine and Hoag Hospital-Irvine.
Avison Young is the world’s fastest-growing commercial real estate services firm. Headquartered in Toronto, Canada, Avison Young is a collaborative, global firm owned and operated by its principals. Founded in 1978, the company comprises 2,600 real estate professionals in 84 offices, providing value-added, client-centric investment sales, leasing, advisory, management, financing and mortgage placement services to owners and occupiers of office, retail, industrial, multi-family and hospitality properties.
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