Tuesday, October 10, 2017

Griffin-American Healthcare REIT IV Acquires Connecticut Medical Office Building Portfolio

Stefan Oh
 BRIDGEPORT, CO — American Healthcare Investors and Griffin Capital Company, LLC, the co-sponsors of Griffin-American Healthcare REIT IV, Inc., announced the REIT has acquired Fairfield County Medical Office Building Portfolio, comprised of two medical office buildings located in the Bridgeport, Connecticut suburbs of Stratford and Trumbull.

The approximately 80,000-square-foot Fairfield County Medical Office Building Portfolio is currently 94.6 percent leased to 15 tenants with an average remaining lease term of more than seven years.

 The portfolio is anchored by affiliates of Advanced Radiology Consultants, which occupy an aggregate of approximately 29 percent of the leasable space and have recently executed new agreements to extend their leases to 2029.

Both buildings are located in the midst of thriving medical corridors along the “Gold Coast” of southern Connecticut and include tenancy by Northeast Medical Group, Inc. and St. Vincent’s Multispecialty Group, Inc., subsidiaries of Yale New Haven Health and Ascension Health, respectively, which are two of the region’s strongest health systems.

Additionally, the 383-bed Bridgeport Hospital, owned and operated by Yale New Haven Health, is located approximately two miles from the Stratford building. 

“Fairfield County Medical Office Building Portfolio is located in a prosperous region of the country with a significant demand for healthcare services,” said Stefan Oh, executive vice president of acquisitions for American Healthcare Investors and Griffin-American Healthcare REIT IV.

For more information on this press release, please contact

Contact: Damon Elder
Spotlight Marketing Communications
(949) 427-5172 ext. 702

Stirling Development Names Gordon L. Cope as Director, Financial Planning and Accounting

Gordon L. Cope
FOOTHILL RANCH, CA - Stirling Development is pleased to announce it has named Gordon L. Cope as Director, Financial Planning and Accounting.

In his new role, Cope will work closely with the executive team on all finance, accounting, treasury, tax, and administrative functions.

 Reporting to Brian Parno, Stirling's COO, he will also be responsible for budgeting, tax planning, and financial review of all of Stirling's overall business activities and active projects including Southern California Logistics Airport (SCLA) project in Victorville, Ocean Ranch Corporate Centre in Oceanside, as well as analysing and forecasting potential new projects.

"Stirling has a long history and stellar reputation for developing some of the region's most recognized master-planned real estate projects," said Cope. "The opportunity to work with and learn from its leadership who made those projects successful was very attractive to me."

"We are thrilled to bring Gordon onto our team. We felt there was a cohesive fit with Stirling's corporate culture of support, collaboration, and creativity," said Dougall Agan, Stirling's President and CEO."

Prior to joining Stirling, Cope served as a tax manager with Haskell & White LLP, a Southern California public accounting firm specializing in real estate. He has also held positions with international public accounting firm KPMG LLP and Goldman Sachs Inc. Cope is a Certified Public Accountant and graduated from the University of Utah earning both a Bachelor of Arts degree and a Master's degree in Accounting.

For more information on this press release, please contact:

Darcie Giacchetto
Spaulding Thompson & Associates

Benchmank Electronics Selects Tempe, AZ for HQ Location

Paul J. Tufano

PHOENIX, October 5, 2017 – After a six-month, extensive site selection process, global design, engineering and manufacturing leader Benchmark Electronics (NYSE: BHE) today announced its new corporate headquarters will be located at Rio 2100, a new 52-acre, Class A office park situated in the heart of Tempe, Arizona. 

The company announced relocation plans to Arizona from Angleton, Texas in April of this year and expects to add approximately 500 new jobs to the greater Phoenix area over the next five years.

Groundbreaking for the new site is expected to begin before the end of the year with an expected completion date in early 2019.  In the interim, Benchmark’s headquarters is at 4141 N. Scottsdale Rd.

The current and new headquarters will house the corporate leadership team and key corporate functions in finance, human resources, legal, marketing, operations, and supply chain. Benchmark’s Internet of Things (IoT) and RF and High-Speed Design Centers of Innovation will also transition to the new location.

“This is an exciting time for our company as we look forward to our new headquarters, which will allow us to grow in a single, cohesive location,” said Paul J. Tufano, president and CEO of Benchmark Electronics. “Rio 2100 is an ideal location to drive organizational alignment and attract and develop top-notch talent, as already evidenced in our strategic partnership with Arizona State University.”

For more information on this press release, please contact:

Stacey Hershauer
Marketing & Public Relations
(480) 600-0195


CV Sciences and TorreyCove Capital Partners Relocate Headquarters to Soerrento Mesa Submarket of San Diego, CA

Bernard Huberman
SAN DIEGO, CA – Coinciding with the ongoing growth in the technology, life sciences, and financial sectors throughout Sorrento Mesa, CV Sciences, a biotech company that operates two divisions in pharmaceuticals and consumer products, and TorreyCove Capital Partners, a registered investment advisory firm with more than $20 billion in assets under management, have recently relocated their headquarters to the Sorrento Mesa submarket of San Diego, California.

BLT Enterprises, a multi-faceted real estate investment company, leased a combined total of 32,093 square feet in its Sorrento Mesa assets, according to Bernard Huberman, Founder and President of BLT Enterprises.

“CV Sciences and TorreyCove Capital Partners were looking for high-quality space for their corporate headquarters that would cater to their existing needs while also allowing for future growth,” says Huberman.

“As a long-term owner, all of our properties are strategically positioned with first-in-class amenities, as well as the opportunity to evolve and grow along with our tenants. We essentially want to be our tenants’ ‘last landlord’ and create environments where they can lease from us for the long-term.”

CV Sciences will occupy a total of 24,000 square feet at BLT Enterprises’ Sorrento Tech III asset, a 30,097 square-foot flex R&D and industrial property. 

For more information on this press release, please contact:

Elisabeth Manville / Lexi Astfalk
Brower, Miller & Cole
(949) 955-7940