February 10, 2016
Stockdale Capital Partners has invested nearly $90-million to acquire two medical office buildings in Southern California. The Los Angeles-based firm purchased 9090 Wilshire Blvd., a Class-A, 51,570-square-foot property in Beverly Hills, and 2825 Santa Monica Blvd., a 54,930-square-foot building anchored by UCLA Health in Santa Monica.
The acquisitions, part of a $100-million joint-venture partnership with a global alternative asset manager, were driven by strong demand and zoning ordinance limits that have resulted in supply-constrained markets.
Eastdil Secured represented the seller of the Wilshire Blvd.property, and Madison Partners represented the seller of the Santa Monica Blvd. building.