FOR IMMEDIATE RELEASE
Stockdale Capital Partners’ Newest Development, 656 S. San Vicente Boulevard, Brings 145,000 Square Feet of State-of-the-Art Medical and Life Sciences Space to L.A.’s Golden Triangle
LOS ANGELES – October 2, 2023 – Los Angeles-based Stockdale Capital Partners (Stockdale) announces its highly-anticipated new medical office and life sciences development in L.A.’s Golden Triangle. The new project, 656 S. Vicente Boulevard, will be located at the prominent intersection of San Vicente and Wilshire Boulevards and will be the first new medical and life sciences building constructed in the area in more than 20 years.
The LEED® Gold-certified, 12-story project will offer 145,000 square feet of unparalleled class-A medical office and life sciences space that combines both environmental sustainability and best-in-class amenities. With much of the medical office and research spaces in the surrounding area built prior to the start of the current century, 656 S. San Vicente Boulevard brings sustainability and modernity to the aging health care real estate market in West Los Angeles – an area that has been historically underserved, with outdated medical office and life sciences facilities.
“Our new 656 S. San Vicente Boulevard project is specifically designed to accommodate the advanced technology and equipment necessary to perform cutting-edge procedures in an outpatient setting, and this highly specialized environment is not easily replicated in the older building stock of the West Los Angeles office markets,” said Andrew Saba, Managing Director of Stockdale Capital Partners. “In addition to modern medical space that offers unparalleled amenities for both patients and physicians, 656 S. San Vicente Boulevard will also feature state-of-the-art laboratory space capable of serving the needs of leading researchers in a supply-constrained life sciences market.”
The anticipated core-and-shell completion date for the project is October of 2026, and CBRE’s Angie Weber and Dana Nialis will be managing all leasing offerings associated with the project.
“The seamless integration of specialized medical and life sciences spaces into a single building defined by environmental sustainability and community access is unprecedented in West Los Angeles,” said Angie Weber, First Vice President with CBRE’s LA-based health care leasing team. “656 S. San Vicente Boulevard will set a new standard for modern health care spaces – it will be a true hub for leading-edge health care services and one of the most preeminent medical buildings in Greater Los Angeles.”
Stockdale is partnered with Atelier R and HMC for architectural and design services to integrate key sustainability features into its San Vicente project, all designed to minimize its environmental footprint and contribute positively to the local community and its stakeholders. Jones Lang LaSalle’s construction management team will support pre-con and consulting services through the design and construction phases. Notable building features and amenities include an integrated solar framework capable of offsetting building energy usage, the use of recycled building materials designed to maximize energy efficiency, high-efficiency heating and cooling systems, low-water usage plumbing and mechanical systems, drip irrigation, extensive green space, and interior and exterior gardens to help optimize air quality throughout the building.
The 656 S. San Vicente Blvd. project will also offer solutions to address accessibility and parking challenges in the surrounding area. The building features dedicated electric vehicle charging stations and ample bicycle parking, as well as direct access to a major transit thoroughfare with multiple rapid bus lines and the new Purple (D Line) extension station planned at Wilshire/La Cienega, which is scheduled to open in 2027. Additionally, Stockdale incorporated 418 parking spaces into the building design, all with full valet service for tenants and patients needing additional accessibility accommodations and convenient access to the building.
To view floorplans and 3D virtual tours of Stockdale Capital Partner’s 656 S. San Vicente Blvd. project, please visit www.656southsanvicente.com. For all leasing inquiries, please contact CBRE’s Angie Weber at angie.weber@cbre.com.
###
ABOUT STOCKDALE CAPITAL PARTNERS
Stockdale Capital Partners is a vertically-integrated real estate investment firm with a 30-year history of investing in commercial real estate across multiple asset classes throughout the Western United States. The company is an owner-operator specializing in the redevelopment and repositioning of real estate assets with expertise in revitalizing urban properties of all types. The firm currently manages approximately $2.8 billion in gross AUM on behalf of several joint ventures and discretionary funds. For more information, please visit our website at www.stockdalecapital.com
ABOUT CBRE GROUP, INC.
CBRE Group, Inc. (NYSE:CBRE), a Fortune 500 and S&P 500 company headquartered in Dallas, is the world’s largest commercial real estate services and investment firm (based on 2022 revenue). The company has approximately 115,000 employees (excluding Turner & Townsend employees) serving clients in more than 100 countries. CBRE serves a diverse range of clients with an integrated suite of services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Please visit our website at www.cbre.com
Contact: David Gershwin
david@davidgershwin.com
323.791.2319
The full content of this article is only available to paid subscribers. If you are an active subscriber, please log in. To subscribe, please click here: SUBSCRIBE
