LOS ANGELES, CA – July 7, 2011 – (RealEstateRama) — Charles Dunn Company, one of the largest full-service regional real estate firms in the Western United States, has completed a five-year, 21,062 square foot lease valued at over $2 million with Asian Pacific AIDS Intervention Team. APAIT positively affects the quality of life for Asian and Pacific Islanders living with or at-risk for HIV/AIDS by providing a continuum of prevention, health and social services, community leadership and advocacy to the Southern California region. The property is located at 1730 W. Olympic Blvd. near the major cross street of Union Avenue, adjacent to Downtown Los Angeles.
Chris Runyen of Charles Dunn Company represented the tenant, APAIT. John Anthony of Charles Dunn Company represented the owner, Denley Investments.
According to Runyen, APAIT is expanding out of its space in Downtown Los Angeles. In its new space it is adding a full-service medical clinic and pharmacy to serve the local community. APAIT just moved into its new space this month. The 88,000 square foot building offers abundant parking and easy freeway access to the 5, 10, 101 and 110 freeways.
“This leasing situation was a great fit for both the tenant and the landlord,” said Runyen. “Both parties wanted to preserve the improvements that were recently constructed for the previous medical tenant, which provided mutually beneficial lease terms for each.”
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 20 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