VALENCIA, CA-The Southern California Orthopedic Institute has signed a lease for 23,329 square feet here at Bridgeport Marketplace, a 170,000-square-foot mixed-use development of Intertex Cos. and A&B Properties. The Orthopedic Institute, one of the largest private orthopedic practices on the West Coast, plans to use its space for an orthopedic and rehabilitation practice in a move that marks the first time that the Institute is setting up an office in a mixed-use center instead of directly on a hospital’s campus, according to Dr. Todd Molnar M.D., managing partner of SCOI.
SCOI will lease the entire second floor of the building on the southwest corner of Bridgeport Marketplace for a period of 15 years, according to Craig Peters and Doug Sonderegger of CB Richard Ellis, who represented the building ownership in the lease. SCOI was represented by Bryan Lewitt, Christopher Isola and Mark Raggio of Cushman & Wakefield.
Peters and Sonderegger represented landlord Intertex Cos. in the deal with theBridgeport Marketplace, a development of Intertex Companies and A&B Properties, is adjacent to commercial amenities and growing residential neighborhoods. Located in the heart of Valencia Gateway, the project features a lake adjacent to McBean Parkway and is minutes from Town Center.
The interior improvements for the tenant will include high-image medical office build-out that will incorporate views of the lake. The practice is scheduled to open on March 1, 2009.
The Orthopedic Institute is a full-service orthopedic center that also plays a leadership role throughout the world in clinical research and the education of medical professionals on orthopedic diseases and disorders. Terms of the lease were not disclosed.