Anthem Blue Cross signs 169K sf lease at Warner Center campus

Property is co-owned by Lincoln Property Co. and Angelo Gordon

Los Angeles /
Jul.July 31, 2018 05:00 PM
Anthem CEO Gail Boudreaux, and Warner @ Warner Center

Health insurance provider Anthem Blue Cross inked a deal to occupy 169,000 square feet at an office campus in the Warner Center, the company announced Tuesday.

The complex, formerly known as LNR Warner Center and renamed Campus @ Warner Center, is comprised of two six-story office buildings located at 21255 and 21215 Burbank Boulevard.

Blue Cross-Blue Shield insurer Anthem is moving from a nearby office tower, located at 21555 Oxnard Street, to four floors at 21215 Burbank, a Class A office building.

Terms of the long-term lease were not disclosed. Marketing materials, however, list rents at $2.90 per square foot.

Developer Lincoln Property Co. and Angelo, Gordon & Co., an investment advisor that focuses on credit and real estate, jointly own the 509,000-square-foot campus. They paid $147 million for the property in December 2016, records show.

It includes a fitness center, cafeteria and basketball court.

Corey Davidson, Liron Nelik, and David DiPietro of Savills Studley represented Anthem Blue Cross. Kent Handleman led the negotiations for Lincoln Property.

The Warner Center has been attracting a steady stream of developers to the San Fernando Valley recently. One of the larger projects circulating through approvals is Adler Realty Investments’ sprawling Warner Center campus, which is slated to deliver 1,000 new residential units and over 1.25 million square feet of office space. It is part of the Warner Center 2035 Plan, which city officials hope will help transform the region from a business hub to a residential neighborhood.


Related Articles

arrow_forward_ios
Red Oak Investments' Alex Wong and A-1 Trailer Park (Google Maps, Red Oak)
Presto on PCH: apartment developer plans to make trailer park disappear
Presto on PCH: apartment developer plans to make trailer park disappear
The portion of land with renderings of proposed development (LoopNet)
6 percent of Bel Air on discount
6 percent of Bel Air on discount
600 East Broadway (SRS)
$43M price check at Vons supermarket in Long Beach
$43M price check at Vons supermarket in Long Beach
Lone Star Funds founder John Grayken and Westin LAX (Lone Star, Marriott)
Price revealed: Lone Star paid $71M for Westin LAX
Price revealed: Lone Star paid $71M for Westin LAX
CGI+ CEO Gidi Cohen and 5200 South J Street in Oxnard CA (CGI+, Google Maps)
CGI+ buys Ventura County apartment complex
CGI+ buys Ventura County apartment complex
Madison Realty Capital extends LA push with $91M loan
Madison Realty Capital extends LA push with $91M loan
Madison Realty Capital extends LA push with $91M loan
Pac-Man publisher signs largest OC lease in third quarter
Pac-Man publisher signs largest OC lease in third quarter
Pac-Man publisher signs largest OC lease in third quarter
Anti-drone specialist takes 100K sf warehouse in Torrance
Anti-drone specialist takes 100K sf warehouse in Torrance
Anti-drone specialist takes 100K sf warehouse in Torrance
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...