Avison Young completes seven-year office lease for Radiology Partners in El Segundo, CA

  

Jacob Bobek

 Los Angeles, CA – Avison Young, the world’s fastest-growing commercial real estate services firm, announced today that it has completed a seven-year lease on behalf of office tenant Radiology Partners, an integrated radiology practice-management company. Valued at $2.5 million, the lease totaled 12,443 square feet (sf).

 Avison Young Principal Jacob Bobek, based in the company’s Downtown Los Angeles office, represented Radiology Partners. The landlord, Bixby Land Company, was represented by CBRE.

 Located at 2101 El Segundo Boulevard in El Segundo, CA, the five-story, 114,176-sf building was previously fully occupied by Raytheon Space and Airborne Systems, which vacated the premises in 2013 as part of a company reorganization. 

Bixby acquired the property and conducted a major renovation to convert the building to creative office space. The building includes features such as exposed ceilings, a modern lobby with lounge and coffee bar, dog park, beach cruisers for tenant use, open spaces and meeting areas.

  

 Radiology Partners plans to move into its new space – approximately half of the fourth floor – in November 2014. 

The firm is expanding from its previous space, which totaled 5,000 sf, in El Segundo. With this expansion, the company plans to hire additional employees.

  

2101 El Segundo  Boulevard, El Segundo, CA

“El Segundo – which historically had a high concentration of aerospace, back office and financial services companies – was previously not a place where tech and growth companies wanted to locate,” comments Bobeck. 

“With rents spiking in other areas, the El Segundo market is now offering favorable office product for less rent than in other L.A. markets; the area is now attracting growth firms as landlords renovate vacated product to cater to a creative corporate culture”. 

  

Bobek adds: “It is no secret that some aerospace and related businesses are moving out of California. The good news is that the Los Angeles area is home to a growing number of tech firms and early-stage companies that are competing for space. Radiology Partners is a growing, early-stage company that was seeking creative office space near other early-stage tech firms. 2101 El Segundo was able to meet all of the company’s requirements.”

  

For a complete copy of the company’s news release, please contact:

Darcie Giacchetto

D.G. Communications, Inc.

949.278.6224