CALABASAS, CA – April 15, 2011 – (RealEstateRama) — Jay Rubin and Marc Spellman, principals at Lee & Associates-LA North/Ventura, Inc., transacted a 12,200-square-foot lease that will bring a new Intensive Modulated Radiation Therapy facility to Warner Center, CA. Rubin and Spellman represented the landlord, L. Aronoff & Sons, in the 10 year lease at 21300 Erwin St. Total consideration for the deal was in excess of $2.7 million. “The building was well suited to this tenant because it is free-standing and because the transaction allows for extensive improvements to install the IMRT equipment,” said Rubin.
IMRT is a relatively new process that lets technicians change the intensity of the radiation delivered in the treatment of cancer while sparing more of the adjoining tissue than is affected during conventional radiation therapy. As a result, an increased dose of radiation can be delivered to the tumor. Moody Rambin Interest represented the tenant, SL West Hills IMRT LLC.
About Lee & Associates – LA North/Ventura, Inc.
Celebrating 30 years of leadership in the commercial real estate industry, Lee & Associates®, is the largest broker-owned commercial real estate provider in the nation with 43 offices in California, Arizona, Georgia, Idaho, Illinois, Indiana, Kansas, Michigan, Missouri, Nevada, New Jersey, South Carolina, Texas and Wisconsin. Lee & Associates-LA North/Ventura, Inc., a member of the Lee & Associates group of companies, provides industrial, office, retail and multifamily/investment brokerage services across the San Fernando Valley, Conejo Valley, Antelope Valley and throughout Ventura County. Lee & Associates’ clients enjoy a comprehensive range of commercial real estate services including: sales and leasing; real estate investment consulting, property acquisition, disposition and 1031 exchange transactions; tenant representation and relocation, land assemblage, site selection, mixed-use and urban in-fill, property and portfolio evaluation and market research. Founded in She rman Oaks in 1994, Lee & Associates-LA North/Ventura now operates four California offices including Calabasas, Ventura County and Antelope Valley. For more information, contact us in the San Fernando Valley at 818.986.9800; in Ventura County at 805.626.1200; or in Antelope Valley at 661.341.3300. Or visit us online at www.lee-associates.com.