Redeveloped Tarzana MOB Reaches 60% Leased
19500 Ventura Blvd., an open-air medical complex in Tarzana that recently completed a $5-million transformation into a first-class medical professional building, has leased the entire ground floor and a portion of the second floor, bringing the lease-up rate to more than 60%. Brokers Scott Romick and Eugene Kim, both principals with Lee & Associates LA/North Ventura, represented the landlord, Greenbridge Investment Partners, for the two most recent transactions.
The new tenants include United Medical Doctors, which will take approximately 20,000 square feet; and a 2,000-square-foot space for a new pharmacy. Phyllis Palin, EVP of Enzo Equities, represented United Medical Doctors.
“This project delivers an easier more effective and efficient way of delivering healthcare to residents,” said Sean Hashem, principal with Greenbridge Investment Partners. “When we started this several years ago, we saw an opportunity for medical demand in the market and created a unique project unlike any other in Tarzana.”