NAIOP NAMES INLAND EMPIRE HEALTH PLAN LEASE AS "OFFICE TRANSACTION OF THE YEAR"
Studley represented organization in 207,000-square-foot headquarters relocation
Los Angeles, CA (February 4, 2013)
NAIOP Inland Empire has named the Inland Empire Health Plan’s 207,000-square-foot lease at The Atrium at Empire Lakes in Rancho Cucamonga, California as the “Office Transaction of the Year.” The award was announced at the organization’s 2013 REXIE (Real Estate Excellence Inland Empire) luncheon, a benefit for the Boys & Girls Clubs of San Bernardino.
Inland Empire Health Plan will be relocating from San Bernardino, and consolidating multiple facilities into a single location to achieve real estate and cost efficiencies. Studley and Lee & Associates represented the healthcare provider in the transaction.
Studley also represented Best Best & Krieger in its Inland Empire lease, another finalist for the office transaction of the year. The law firm signed a 10-year lease at Citrus Tower in downtown Riverside and will relocate to the new, Class A office building in the second quarter of 2013.
“We are very pleased to have represented the tenants in two of the three transactions under consideration for this prestigious REXIE award,” said Mark Sullivan, Studley executive vice president and regional manager for Southern California. “These significant real estate transactions reflect our clients’ commitment to the Inland Empire and we are very appreciative of NAIOP’s recognition.”
Members of the Studley teams representing Inland Empire Health Plan and Best Best & Krieger were Sullivan, along with Joshua Gorin, Andrew Lustgarten, Steve Pisarik, and Roi Shleifer.
About Studley. Studley is the leading commercial real estate services firm specializing in tenant representation. Founded in 1954, Studley pioneered the conflict-free business model of representing only tenants in their commercial real estate transactions. Today, with 24 offices nationwide and an international presence through its London office and AOS Studley, a partnership with Paris-based AOS, Studley provides strategic real estate solutions to top-tier corporations, not-for-profit organizations and law firms. Information about Studley is available at www.studley.com.