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California  + Los Angeles  + Healthcare  | 

Redeveloped Tarzana MOB Reaches 60% Leased

19500 Ventura Blvd., an open-air medical complex in Tarzana that recently completed a $5-million transformation into a first-class medical professional building, has leased the entire ground floor and a portion of the second floor, bringing the lease-up rate to more than 60%. Brokers Scott Romick and Eugene Kim, both principals with Lee & Associates LA/North Ventura, represented the landlord, Greenbridge Investment Partners, for the two most recent transactions.    

The new tenants include United Medical Doctors, which will take approximately 20,000 square feet; and a 2,000-square-foot space for a new pharmacy. Phyllis Palin, EVP of Enzo Equities, represented United Medical Doctors.  

“This project delivers an easier more effective and efficient way of delivering healthcare to residents,” said Sean Hashem, principal with Greenbridge Investment Partners. “When we started this several years ago, we saw an opportunity for medical demand in the market and created a unique project unlike any other in Tarzana.”  

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Lee & Associates LA North/Ventura

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-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 7-10 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).

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