Thank you for sharing!

Your article was successfully shared with the contacts you provided.

SANTA ANA, CA-Medical billing specialist Healthcare Management Partners has signed a 36,000-sf office lease here that heads a list of 250,000 sf in recent deals valued at an aggregate of $18 million that involved healthcare, financial services and logistics firms. The firms were represented by Tom Taylor and Gary McArdell of the Newport Beach office of Grubb & Ellis, who say that the leases underscore the continuing strength of an Orange County office market that has been setting records for absorption in recent years.

Healthcare Management Partners signed its space at 1241 E. Dyer Rd. in the Orange County Business Center for a new corporate headquarters that is more than twice the size of the company’s previous office in Irvine. The building is owned by PS Business Parks.

Nearby at 1251 E. Dyer Rd., Taylor and McArdell report that GeoLogistics renewed the lease for its 34,074-sf US headquarters, also at Orange County Business Center. The international logistics and shipping corporation renewed for a three-year term.

Healthcare Management and GeoLogistics are part of what Taylor calls a “broad base of tenants” that illustrate “the depth and breadth of the Orange County market.” Among the insurance and healthcare-related companies signing new deals was Health Risk Resource Group Inc., which subleased 19,800 sf at 505 City Parkway West in Orange for its corporate headquarters.

The insurance company, which relocated from Santa Ana, subleased the space for six years from Master Financial. The building is owned by EOP-The City LLC.

In another Santa Ana deal, Kaiser Foundation Health Plan Inc. leased 15,300 sf for five years at the Xerox Center in Santa Ana. A regional sales office occupies the space at 1851 E. First St. The building is owned by 1851 E. First Street Investors of Newport Beach.

In Irvine, Principal Life Insurance Co. leased 11,056 sf for five years at the Lakeshore Towers development at 18101 Von Karman Ave. The company relocated its regional sales office from Jamboree Center in Irvine to the 18101 Von Karman building, which is owned by Lakeshore Towers LP.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.