The Cushman & Wakefield team representing the seller was ledby managing director Marc Renard and included Manfred Schaub andAlison Berglas. Jamison Properties represented itself.
According to Renard, the property generated "tremendous investorinterest for this asset." In addition, Renard comments that, "Basedon the compelling demographics driving the demand for healthcareservices, the capital markets are very positive on the futureperformance of medical office buildings."
David Simon, managing director for Broadreach, says that thesale was part of the firm's ongoing portfolio management program.The five-story, 84,812-sf building at 15141 Whittier Blvd. wasconstructed 1980 and renovated in 2005. The four-story, 58,527-sfbuilding at 15111 Whittier Blvd. was constructed in 1969 andrenovated in 1982.
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