MemorialCare Medical Foundation Inks Lease at Irvine Center
CBRE arranged a 10-year lease for MemorialCare Medical Foundation at University Park in Irvine. The firm’s Andy Nott and Austin Kanzler represented the tenant, a leading integrated health system providing internal and family medicine, pediatrics, urgent care and dental throughout Orange County.
MemorialCare Medical Foundation, which serves more than 1.7 million patients from 200-plus locations, signed a 9,460 square-foot lease at University Park, located at 18102 Culver Drive. University Park is a community retail center anchored by Wholesome Choice, Rite Aid, Wells Fargo and Carl’s Jr. MemorialCare will be taking over the formerly occupied Crown Ace Hardware suite located next to Rite Aid.
“MemorialCare was not actively looking for space in the market but when the right property became available, we were quick to mobilize and negotiate terms,” said Kanzler. “This deal is indicative of the increasing demand for quality retail space for medical users.”
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.
Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.
Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).