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November 28, 2017 Comments Off on Doheny Eye Institute Buys Pasadena Building for $50M Views: 3335 California News, Los Angeles

Doheny Eye Institute Buys Pasadena Building for $50M

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Doheny Eye Institute (DEI) purchased a four-story, 123,203-square-foot office building in Pasadena for its new headquarters from SteelWave for $50 million. The Foster City, CA-based seller acquired the property for $19.8 million in late 2013 from Glendale, CA-based Avery Dennison.

The building, at 150 North Orange Grove Blvd., will provide DEI administrative office space, research labs, clinic space and outpatient services. Doheny, a world-renowned eye research institute, anticipates relocating its administrative offices to the new building in Q4 2018. Its current HQ is in Los Angeles in a building on the County-USC medical campus.

Charles Dunn Company’s Bill Boyd, Linda Lee and Scott Unger represented the buyer.

“Our Charles Dunn team began a site selection search more than two and a half years ago, and DEI reviewed and considered 81 relocation sites in the west San Gabriel Valley,” said Boyd.

Photo ID: Charles Dunn team from left to right: Bill Boyd, Scott Unger, Lauren Nesmith, and Linda Lee 

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