Cushman & Wakefield represents tenant in Orange County transaction
TUSTIN, Calif. – April 3, 2023 – Cushman & Wakefield announced the firm has represented tenant Sabra Health Care REIT (“Sabra”) in the company’s lease for a new corporate headquarters location in Tustin, California. Sabra leased 13,000 square feet of space at FLIGHT at Tustin Legacy, a Class A mixed-use office campus owned and developed by Lincoln Property Company. The Orange County-based health care REIT will be moving its headquarters from a nearby location in Irvine.
Luke Napolitano, Chon Kantikovit and Justin Cassell with Cushman & Wakefield’s Irvine office represented the tenant in the transaction. Sabra’s upscale headquarters will be located at 1781 Flight Way and will house its administrative and financial operations as well as other functions. The company is expected to occupy its newly designed space in Q4 2023. “Sabra is relocating its corporate headquarters to a creative office location to better suit its culture as a leading health care REIT. The company’s decision to relocate to FLIGHT was primarily driven by the project’s environmental sustainability and worker-friendly elements,” said Luke Napolitano. “The project was constructed per LEED Gold Standards and also offers on-site and walkable amenities, including a gym right next door to Sabra’s building.”As a leading health care REIT, Sabra owns and invests in real estate serving the healthcare industry throughout the United States and Canada, including skilled nursing, senior housing and behavioral health facilities. According to its web site, the company has a current enterprise value of over $5 billion. Sabra consistently ranks as one of the largest publicly traded companies based in Orange County, according to rankings from the Orange County Business Journal.Sabra’s new space at FLIGHT is centrally located near multiple freeways, public transportation, many amenities, and several surrounding new and established residential communities. The property is also just a few miles from John Wayne Airport and proximate to the Southern California coastline.
About Cushman & Wakefield Cushman & Wakefield (NYSE: CWK) is a leading global real estate services firm that delivers exceptional value for real estate occupiers and owners. Cushman & Wakefield is among the largest real estate services firms with approximately 52,000 employees in over 400 offices and approximately 60 countries. In 2022, the firm had revenue of $10.1 billion across core services of property, facilities and project management, leasing, capital markets, and valuation and other services. To learn more, visit www.cushmanwakefield.com or follow @CushWake on Twitter.
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