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Northridge Medical Building Sells for Roughly $12 Million

A multi-tenant medical office building in Northridge has sold for an undisclosed price that — according to a source close to the deal —approaches $12 million.

Northridge Medical Center, located at 18433 Roscoe Blvd., is comprised of various professional medical tenants and sits across the street from Dignity Health’s Northridge Hospital Medical Center, a 409-bed facility.

Built in 1977, the 30,353-square-foot Northridge Medical Center counts among its 14 tenants HealthCare Partners of California, Valley Clinical Trials Inc., Oncology Institute of Hope and Innovation, Northridge Dentalworks and Active Life, according to CoStar date.

Yair Haimoff and Matt Sreden, commercial real estate brokers with Spectrum Commercial Real Estate, represented both the buyer and seller

“Once we put this great asset on the market, we generated a tremendous amount of activity,” Haimoff said in a statement. “We had multiple offers from private investors to regional and larger investment groups. The asset was ultimately sold to the highest bidder.”

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Kaiser Permanente Renews Lease in Valencia

Valencia Executive Plaza at 27201 Tourney Road in Valencia.

Kaiser Permanente Renews Lease in Valencia

Kaiser Permanente has renewed its lease for nearly 11,000 square feet of medical space in Valencia.

Located at 27201 Tourney Road, the property known as Valencia Executive Plaza sits within the Valencia Corporate Center. The office building has undergone recent renovations and features extensive views of the golf course at Valencia Country Club.

Spectrum Commercial Real Estate Inc. in Encino represented the building’s owner, Valencia Executive Plaza LLC of Valencia, in the 10,934-square-foot deal.

Financial details of the transaction were not disclosed.

“This was a high-profile transaction that required attention, patience, and detail to take to the finish line,” said Spectrum Commercial Real Estate Vice President Matt Sreden, who represented the landlord along with Spectrum broker Andrew Ghassemi and Spectrum founder Yair Haimoff.

According to Spectrum, the lease represents one of the largest medical transactions in the Santa Clarita Valley submarket since the second quarter of 2016.