Avison Young Handles Retail Lease for L.A. Care Health Plan
L.A. Care Health Plan signed a 12,000-square-foot retail lease at Santa Fe Plaza in El Monte. The largest publicly operated health plan in the country will use the space at 3570 Santa Anita Ave. as its L.A. Care/Blue Shield Promise Community Resource Center, which are community hubs offering health and wellness programming.
The 10-year deal brings Santa Fe Plaza to 96% occupied. The 56,019-square-foot neighborhood retail center’s tenants include Allstate Insurance, H&R Block, Papa John’s Pizza, Rent-A-Center and Labor Finders.
CBRE’s Cody Chiarella represented the tenant. Avison Young’s Andrew Berk represented the landlord, Positive Investments.
Berk says, “We had a significant amount of interest from other retail brands that were suffering from weakened balance sheets largely due to the pandemic. We liked L.A. Care as it will provide long-term strength and customer crossover traffic for the center.”
L.A. Care currently operates seven locations in Los Angeles County, with plans to have 13 locations by the end of 2021.
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