Medical firm moves headquarters in El Segundo

Radiology Partners signed 64k sf in Frank Gehry’s Ascend

TRD LOS ANGELES /
Nov.November 19, 2018 01:00 PM

UPDATED, 2:45 p.m., Nov. 27: As Biotech and life science firms scoop up more commercial space in Los Angeles County, El Segundo continues to be one of their favorite targets.

Medical firm Radiology Partners signed a 63,820-square-foot lease at the recently completed Ascend building in El Segundo this month, according to JLL and NSB Associates. HLW International Architecture is designing the interior of the new space. Radiology Partners will move its headquarters there from its current location nearby at 2102 El Segundo Boulevard.

Designed by Frank Gehry, Ascend includes 80,000 square feet of office space near the Metro Green Line, and it is minutes away from LAX and the 405 Freeway. It features 24-foot ceilings, large glass walls, and 16,000 square feet of private outdoor patio space.

Ascend is part of the Utah Avenue Campus – a six-building, 390,000-square-foot office complex. It was the first project Gehry designed for his longtime friend Larry Field, the founder of Beverly Hills-based NSB.

JLL’s Mike McRoskey, Blake Searles, Evan Moran and Jason Fine represented NSB Associates in the lease to Radiology Partners. The building now has vacant suites ranging from 10,000 to 21,500 square feet.

Research showed last month that L.A. County absorbed nearly 450,000 square feet of office space in the third quarter, much of that due to increasing demand from healthcare, biotech and life science industries in the South Bay and northern submarkets.

El Segundo is one of the areas with the fastest growing land values in the county, and is a popular spot for office development because of its 40 percent corporate tax break. Commercial rents there are 30 percent lower than in neighboring cities.


Related Articles

arrow_forward_ios
From left: NortonLifeLock’s Vincent Pilette, Northwood Investors’ John Krukal, and the property (Credit: Google Maps)

Northwood Investors pays $120M for Culver City office complex

Northwood Investors pays $120M for Culver City office complex
Boston Properties CEO Owen D. Thomas and the project site (Credit: Google Maps)

Boston Properties invests in El Segundo media campus project

Boston Properties invests in El Segundo media campus project
(iStock)

SoCal developers say demand for office, retail space will continue to drop

SoCal developers say demand for office, retail space will continue to drop
(iStock)

LA County sublease space hits record level in Q2

LA County sublease space hits record level in Q2
Lowe co-CEO’s Mike and Rob Lowe, Related Fund Management’s Justin Metz, 2130 Violet Street

Related affiliate joins with Lowe to build Arts District office complex

Related affiliate joins with Lowe to build Arts District office complex
DTLA and Century City (Credit: Basil D Soufi via Wikipedia, and iStock)

Office leasing in Q2 was a fraction of what it was a year ago

Office leasing in Q2 was a fraction of what it was a year ago
Brookfield Asset Management CEO Bruce Flatt and Woodridge CEO Michael Rosenfeld with 101 S. Marengo Avenue, and a rendering of the building (Credit: Google Maps)

CRE investment sales in LA sank like a stone in May

CRE investment sales in LA sank like a stone in May
First District Supervisor Hilda Solis (Credit: Rebecca Sapp/Getty Images)

LA County select reopening target date for restaurants and retailers

LA County select reopening target date for restaurants and retailers
arrow_forward_ios

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

Loading...