Westside Tenants Tally 56,000 SF

WEST LOS ANGELES-Dialysis provider DaVita has signed a $10-million lease for nearly 18,000 sf in a move to new quarters and Premier Business Centers has renewed for more than 38,000 sf in a $6.5-million lease as the Westside office market continues to sign new leases and renewals that have kept the market tight for several years now. DaVita’s deal is for 10 years at 10630 Santa Monica Blvd. in an expansion from smaller quarters on the campus of UCLA, according to principal Gary Weiss of Madison Partners.

Weiss represented building owner Arnon Development Group Inc., the developer of DaVita’s new space. The dialysis firm will occupy part of a new, $14-million, two-story building. Weiss says the deal provides two five-year renewal options for DaVita, which was represented by Phil Petruso of Cresa Partners.