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News Release: Just Closed – Beverly Hills & Santa Monica Medical Office Collection

Capital Markets | Healthcare & Life Sciences

Just Closed

Trophy Medical Office Portfolio Anchored by Cedars-Sinai Medical Center and UCLA Health

CBRE

Transaction Highlights

Date Closed 04/29/2022

Size 107,538 SF

Occupancy 92%

Beverly Hills & Santa Monica Medical Office Collection

CBRE U.S. Healthcare and Life Sciences Capital Markets is pleased to announce the closing of Beverly Hills & Santa Monica Medical Office Collection (the “Portfolio” or “Properties”). Lee Asher, Chris Bodnar, Jordan Selbiger, Cole Reethof, Zack Holderman and Jesse Greshin acted as the seller’s exclusive advisors.
The Properties are well positioned in two of the world’s most coveted markets – Beverly Hills and Santa Monica – and are anchored by two of the world’s most renowned academic medical centers – UCLA Health and Cedars-Sinai Medical Center.

9090 Wilshire is one of only 8 Class ‘A’ medical office buildings located in the heart of Beverly Hills, featuring timeless architecture with iconic two-story arches defining the exterior and 20,000 square foot blocks of contiguous space. The building is 85% leased to Cedars-Sinai Medical Center’s Tower Hematology Oncology Medical Group, ranked in 2021 as a top 10 cancer center in the country by U.S. News & World Report.

2825 Santa Monica is a three-story medical office and life sciences facility located in one of Southern California’s most desirable and product constrained markets. UCLA Health occupies 60% of the leased square footage for both pediatric care on the 1st floor and for their Translational Oncology Research Laboratories (TORL) on the 2nd and 3rd floors which is part of UCLA’s David Geffen School of Medicine. UCLA has invested a significant amount of funds into this building, arming their research team with state-of-the-art technology, a repository of more than 625 human cancer cell lines, and an annotated human cancer tissue bank.

For more information, please contact:

Lee Asher
Vice Chairman
Investment Properties
+1 404 504 5965

Chris Bodnar
Vice Chairman
Investment Properties
+1 303 628 1711

Jordan Selbiger
Senior Director
Investment Properties
+1 404 923 1259

Cole Reethof
Associate Director
Investment Properties
+1 404 504 7864

Zack Holderman
Senior Vice President
Debt & Structured Finance
+1 858 337 9412

Jesse Greshin
Senior Analyst
Debt & Structured Finance
+1 860 808 4810

cbre.com/cm-healthcare

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