Bruce Schuman, senior vice president and branch manager with Studley's Los Angeles office, who along with assistant director Tracci Rowe, negotiated the $4 million deal for the tenant, tells GlobeSt.com that the expansion gives the outpatient center a total of 23,069 sf in the 98,000 sf 2811 Wilshire Blvd. building.
"The Medical Imaging Center continues to experience steady growth, so they saw the current low demand for office space as an opportunity to both expand operations and lock in a favorable lease rate," says Schuman. "As the largest tenant in the building, MIC was able to accomplish their expansion plan while obtaining below market rental rates." The center, which has become renowned in neuro, vascular and head and neck imaging, will take 10,000 sf on the first floor of the local building and will occupy the remaining space on the eighth floor, he says. The Chris Strickfaden of PM Realty Group in Los Angeles represented the owner, 2811 Wilshire Associates, in the lease negotiations.
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