NAI Capital Negotiates 25,977 SF Lease for Providence St. Joseph Health
Los Angeles, CA, April 17, 2018– Vice President, Matt Ehrlich with NAI Capital negotiated a 25,977 square foot long term lease on behalf of Providence St. Joseph Health. Providence St. Joseph Health’s newest facility will be opening at the prestigious Wateridge campus at 5100 West Goldleaf Circle, Los Angeles, California. The owner, Lincoln Property Company, was represented by L.A. Reality Partners in the transaction. Terms of the transaction were not disclosed.
Providence St. Joseph Health is a new organization created by Providence Health & Services and St. Joseph Health with the goal of improving the health of the communities it serves, especially those who are poor and vulnerable. Together, our 111,000 caregivers (all employees) serve in 50 hospitals, 829 clinics and a comprehensive range of services across Alaska, California, Montana, New Mexico, Oregon, Texas and Washington. To learn more, visit http://www.psjhealth.org/.
The Wateridge facility is a high-image 330,000 SF class A office campus situated on the bluffs of Los Angeles, with panoramic views of Palos Verdes, the Beach Cities, Marina Del Rey and West Los Angeles. The property sits within a 21-acre park-like setting with cascading water features and lush landscaping throughout campus. Wateridge is strategically located between LAX on the South, Century City on the North, and Downtown Los Angeles on the East.
Senior Real Estate Manager, Real Estate and Construction, Andrew Mircovich of Providence St. Joseph Health, said “It was a pleasure working with Matt. He is a true professional that truly understands his client’s needs. He guided us from start to finish into this terrific location”
Ehrlich said, “My client is thrilled to be at Wateridge. This location is outstanding for Providence as it satisfies their need to be in a premiere central population center. The Wateridge campus is situated central to West Los Angles and downtown access. This location places Providence St. Joseph Health in the center of 266,791 people within a 3-mile radius. This will be an excellent setting for Providence St. Joseph Health to provide for the needs of the communities they serve.”
About NAI Capital
NAI Capital is the largest independently owned full service commercial real estate firm headquartered in Southern California. As one of the largest members of NAI Global, the premier managed commercial real estate service network with 400 Offices and 7,000 market leaders spanning the globe, NAI Capital provides a complete range of transaction, valuation, investment, property management and consulting services. By leveraging our local expertise with our global reach, NAI Capital offers innovative, customized solutions and seamless service to owners, tenants, investors and developers throughout Southern California. NAI Capital clients have built their businesses on the power of our expanding network. We are a dynamic growing commercial real estate company. At NAI Capital we work together putting our clients first.
NAI Capital Brokerage CA BRE #01990696.
To learn more, visit www.naicapital.com.
About NAI Global
NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 400 offices strategically located throughout North America, Latin America, Europe, Africa and Asia Pacific, with over 7,000 local market professionals, managing in excess of 425 million square feet of property. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world.
NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services.
To learn more, visit www.naiglobal.com.
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