LOS ANGELES – Charles Dunn Company, one of the largest full-service regional real estate firms in the western United States, has completed a 10-year office lease for 6,540 square feet of space with CLARE Foundation valued at $3,153,000. The nonprofit organization will fully occupy 1334 Lincoln Blvd. in Santa Monica, Calif.
Charles DeSantis and Kyle Gulock of Charles Dunn Company represented CLARE Foundation in the transaction. Jeff Pion and Michelle Esquivel-Hall of CBRE represented the landlord, Los Angeles-based The Bradmore Group.
CLARE Foundation, a nonprofit organization providing treatment and recovery services for alcoholism and substance abuse to individuals, families, and the community, will use the property as an outpatient facility for its private patients. The new space will function as Conscious Recovery by CLARE Foundation. Move-in is anticipated to occur before year-end and approximately ten employees will be hired for the new location.
“The property was vacant but had undergone significant capital improvements by its ownership in anticipation of identifying the right tenant,” said DeSantis. “We negotiated a strong tenant improvement package for our client which includes the build out of executive offices, group rooms with connecting patios, and counseling rooms.”
Charles Dunn Company worked closely with CLARE Foundation in order to identify the ideal facility. The property offers prominent signage on Lincoln Blvd., high ceilings, skylights, secured and gated parking and is near the 10 Freeway.
“The tenant required a property that was walking distance to the beach and needed convenient parking for its patients,” said Gulock. “This space offered the ideal, beach-close location as well as ample secured parking on the ground floor, which is very rare for the market.”
About Charles Dunn Company
Charles Dunn Company is one of the largest full-service regional real estate firms in the western United States. Established in 1921 and headquartered in Los Angeles, the firm’s brokerage practice continues to be a market leader. The firm also manages more than 21 million square feet of office, industrial, retail, residential and mixed-use properties for third party clients and provides construction management, architecture and design, general contracting and capital markets services. With more than 260 team members in nine offices, Charles Dunn Company’s reach extends far beyond its physical locations, as its experienced professionals leverage their market knowledge, relationships, and expertise to achieve and exceed client expectations. www.charlesdunn.com