OneLegacy organ donation nonprofit buys new HQ in Azusa
The organization also bought a large office park last year from Blackstone
UPDATED, July 16, 1:21p.m.: One of the largest organ, eye and tissue donation nonprofits in the world has acquired an office building in the Valley that will serve as its new headquarters.
OneLegacy paid $18.4 million for the building at 1303 Optical Drive in Azusa. Vindar Batoosingh of CBRE represented OneLegacy in the deal, which was announced Wednesday.
Los Angeles-based Proficiency Capital sold the 98,770-square-foot building. The firm also recently sold a development site, known as the Canyon City Business Center, on Todd Avenue for $47 million.
OneLegacy will be relocating from Downtown office at 221 South Figueroa Street. It plans to add a recovery center to the three-story property.
This was the second significant commercial real estate purchase for OneLegacy in a little over a year.
Last month, investment firm Westcore Properties secured a $100 million loan to build a massive car dealership and rental facility in Azusa. The project, financed by Bank of America, would span 188,950 square feet once completed.
Correction: A previous version of this story cited OneLegacy having acquired a Monterey Business Park from Blackstone Group in April 2018. That deal ultimately fell through.