City Approves Medical Office Conversion

[IMGCAP(1)]GLENDALE, CA-City officials here have approved the conversion of approximately 50,000 sf of office space at 600 N. Brand Blvd. to medical uses in an effort to ease the shortage of medical office space, according to Ramsey-Shilling Healthcare Real Estate Group. The 50,000 sf represents three floors of the six-story, 96,000-sf building, notes Michael Dettling, director of the Ramsey-Shilling Healthcare Real Estate Group.

Dettling tells GlobeSt.com that the space is available for conversion because a tenant recently moved out of a large block of space. The building is owned by TWS Realty LLC, and Ramsey-Shilling Healtcare has the listing on the space.

[IMGCAP(2)]According to Dr. Howard Strom, who recently joined the real estate advisory firm as its medical associate, the building has excellent potential for a large multi-specialty medical group, surgery center or rehabilitation facility. Dettling points out that the conversion will require significant plumbing and full medical build-out—an expensive proposition that many landlords would not want to consider. But the tradeoff is higher rents and quality credit tenants staying longer, Dettling says.