Optimus Properties has acquired the Tarzana Tower, a class-A medical office building in the Ventura Corridor for $22 million. The property is a rare asset for the supply-constrained market, and is the largest building in the area.

The 10-story, multi-tenant tower is adjacent to the Providence Tarzana Medical Center, which has partnered with Cedars Sinai. These two major healthcare organizations are currently undergoing a $540 million expansion and renovation, which is scheduled to be completed by 2022. This project will establish the Providence Cedars-Sinai Tarzana Medical Center as the leading medical facility in the San Fernando Valley.

Kidder Mathews’ Janet Neman represented Optimus Properties in the transaction.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.