Grubb & Ellis Represents UCLA in 81,195-SF Office Lease Extension in Los Angeles

LOS ANGELES, CA – Grubb & Ellis Company (NYSE: GBE), a leading real estate services and investment firm, announced that members of its Tenant Advisory Group represented the University of California, Los Angeles in a 130-month lease extension for 81,195 square feet of office space located at 5767 W. Century Blvd.

Sean O’Leary, vice president, and Maury Gentile, executive vice president, represented the university in conjunction with Joanne Williams of UCLA Real Estate.

The university uses the space, located near the Los Angeles International Airport, for the Faculty Practice Group Physician Support Services office, which has approximately 400 employees.

The office is responsible for billing 1,300 providers at four hospitals, including Ronald Reagan UCLA Medical Center, (bottom right photo) Santa Monica UCLA Medical Center & Orthopedic Hospital, Resnick Neuropsychiatric Hospital and Mattel Children’s Hospital UCLA, as well as 65 other clinics.

 The facility also houses the Physician Referral Services call center. According to O’Leary the lease generated significant cost savings for UCLA.

The owner of the property, Decron Properties, represented itself in the transaction.

Contact: Julia McCartney, Phone: 714.975.2230, Email: julia.mccartney@grubb-ellis.com