Cedars-Sinai’s latest lease gives it 100K sf at Pacific Design Center

The healthcare system adds to existing administrative offices it’s had there since 2016

Apr.April 11, 2019 11:00 AM
Cedars-Sinai President Thomas Priselac and the Pacific Design Center

Cedars-Sinai health system is boosting its space at the Pacific Design Center, where it has been a tenant for the last three years.

The nonprofit’s newest lease for 30,000 square feet expands its footprint at the West Hollywood complex to more than 100,000 square feet, according to the Los Angeles Business Journal. Cedars-Sinai first moved into the complex in 2016.

Cohen Brothers Realty developed the 1.6-million-square-foot Pacific Design Center in 1999. Marc Horowitz, the company’s national director of leasing, advised on the latest deal. CBRE’s Todd Doney represented Cedars-Sinai.

At 8687 Melrose Avenue, the Pacific Design Center is about a half-mile from the Cedars-Sinai hospital main campus. The hospital system leases offices and medical facilities around the city.

Each of the complex’s three buildings is clad in monochrome glass — one red, one blue, one green.

In 2016, Cedars-Sinai leased 46,500 square feet, the entire fifth floor of the Green Building for administrative offices. It also took another 30,000 square feet at the Blue Building. At the time, a source said the lease was worth $54.7 million over a 15-year term.

The Pacific Design Center has been popular with tech and media companies. WeWork has leased 70,000 square feet since 2017. Last year, film production company A24 and artificial intelligence company Poletus inked leases there.

The complex includes conference space, a gym, and a 300-seat movie theater. [LABJ] — Dennis Lynch

Related Articles

La Mirada industrial building

Clarion pays $77M for La Mirada industrial project

510 Park Avenue and CEO of Monster Beverage Rodney Sacks

Monster Beverage affiliate guzzles down industrial project in San Fernando

The top sales of last week were all on the Westside

Here are the 5 priciest resi sales in LA County last week

Barings Head of Alternative Investments Anthony Sciacca, and DWS Head of Americas Bob Kendall (Credit: Google Maps)

DWS Group pays $100M for WeHo resi complex

Richard Bloom and a rendering of Lowell Farms Cannabis Cafe (Credit: Lowell Farms, iStock)

Cannabis lounges bloom in WeHo, and not everyone is happy

Jason Illouian and the property (Credit: Faring Capital and Google Maps)

Faring advances plan for 271K sf cancer center where it had eyed boutique hotel

The 2017 LA Pride march in West Hollywood and West Palm Springs (Credit: United Food and Commercial Workers)

The “gayborhood premium:” A look at home prices in LGBTQ-centric areas

Sterling Organization CEO Brian Kosoy and the two Melrose Avenue properties

Sterling Organization buys retail portfolio along booming Melrose Avenue