February 3, 2016
Non-profit healthcare provider Providence Health System, Southern California, has reportedly signed a new 15-year lease with Mani Brothers Real Estate Group for 35,562 square feet at 12555 Jefferson Blvd. in Playa Vista. Brokers declined to disclose a transaction value, but say the deal brings the three-story property to 100-percent leased less than a year after it was acquired and renovated.
Providence is expanding its community services in the emerging Playa Vista neighborhood. The group’s primary and specialty care physicians are slated to move into the entire third floor later this year.
Providence was represented by L.A. Realty Partners’ Lisa St. John and Peter Best. Madison Partners’ Chris DuMont, and CBRE’s Brad Chelf, represented Mani Brothers in the transaction.