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
Dennis Kaiser is Vice President of Content and Public Relations for
Connect Commercial Real Estate. Dennis is a communications
leader with more than 30 years of experience.
Email the Author
Reach over 250,000 Commercial Real Estate Professionals with Connect
Connect CRE reaches the top commercial real estate players nationwide and across all property types, offering you a variety of ways to showcase your team, your expertise and your brand to CRE decision makers.
The home for CRE news and everything you need to stay informed on deals, trends, and transactions, providing a platform to get your brand in front of your target audience.
Daily CRE Emails
Reaching over 150,000 inboxes across the nation every day, Connect’s Daily News emails provide advertising opportunities specific to your market.
Bi-Weekly Property Sector Emails
Focus your advertising on emails dedicated to your property sector and stay visible to current and potential clients.
Position your team as experts in your field with content created by Connect’s editorial team and published on Connect’s news emails. Showcase your intelligence and broaden your reach.