ALHAMBRA, CA-The 45-acre mixed-use property the Alhambra has renewed expanded leases with its three anchor tenants: University of Southern California, Alliant International University and the Los Angeles County Department of Public Health. The renewals total 126,000 square feet of mixed-use space.
"Our growing relationship with these long-term tenants is a testament to our commitment to work with tenants and ensure we are best supporting their long term success," says Wayne Ratkovich, founder and president of The Ratkovich Co., the owner and operator of the Alhambra mixed-use complex. "Students, faculty and staff come to The Alhambra every day to learn and give back to our community; we're proud to have created a campus for them that is flexible, environmentally conscious, and sustainable."
Already leasing the largest space, The County of Los Angeles signed an additional lease through 2019 for a 17,000-square-foot space, bringing the county's total leased square footage to 214,000. The new space will house the Department of Public Health's substance abuse and prevention and adult treatment and recovery facilities. The department will occupy the new space in the first quarter of 2014.
USC renewed its 59,000-square-foot space through 2020. In close proximity to the health sciences campus, the facility houses the Keck School of Medicine of USC. Alliant International University renewed its 50,000-square-foot lease through 2021. The Ratkovich Co. renovated 20,000 square feet of the space. Alliant International has been located at the property since 1990.
CBRE represented the Ratkovich Co. in all three transactions.
In other significant leasing news, Riot Games signed a lease for the entire Element LA creative campus on the Westside. The lease totaled 284,000 square feet and is said to be the largest lease in Southern California in the past five years.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.