LOS ANGELES—Executive Managing Director Lee Black and Vice President Jared Smits with Cassidy Turley recently arranged about 81,000 sq. ft. of office.
The duo represented tenant Nationwide Medical Inc. in its long-term, 38,000-sq.-ft. expansion and relocation to 29901 Agoura Road in Agoura Hills, Calif. Property owner Realty Bancorp Equities was represented internally. Nationwide Medical Inc. serves CPAP and BiLevel patients and is a pioneer and industry leader in follow-up care for breathing disorders.
In a separate transaction, Black and Smits represented landlord Adler Realtyin its lease of 43,000 sq. ft. to American Homes 4 Rent, which expanded and relocated its headquarters from Malibu to Agoura Hills. David Ickovics and Bruce Frasco with Commercial Asset Group represented the tenant, which specializes in residential acquisitions. The transaction brings the 120,000 sq. ft. property at 30601 Agoura Road to full occupancy.
“We’re seeing a carryover from 2012 into 2013, as the L.A. office market continues its resurgence,” Black says in a statement. “We expect tenant activity and interest to continue to accelerate throughout the year.”