Lee & Associates Transacts 21,676-Square-Foot Office Sale to Physician Group

Nov. 8, 2010 - PRLog -- Lee & Associates-LA North/Ventura, Inc. has transacted  the sale of a 21,676-square-foot office building to a prominent group of Moorpark, Calif. physicians.

The physician group will establish Los Robles Hospital Medical Plaza at Moorpark, a comprehensive family medical care practice and urgent care facility, according to Lee President Mike Tingus, who, with Associate Vice President Cory Richmond, Scott Linklater and Grant Fulkerson, represented the new ownership group, MCMG LLC, and Patriot’s developer, M.W. Ossola & Associates, Inc.

In conjunction with the sale transaction, the Lee brokers have negotiated a lease with Los Robles Hospital & Medical Center, which will utilize the space for its physicians and a state-of-the-art imaging facility.

Additional terms of the transaction were not disclosed.

This business park was conceived as a community hub for commercial and professional services, and the addition of this premier medical center affirms that goal,” said Tingus. “The campus setting, the surrounding community demographics and the nearby amenities make Patriot Commerce Center a natural choice for doctors seeking a prestige address and offices that can be built out to suit their needs.”
   
The first phase of Patriot Commerce Center, which comprises 163,244 square feet of the total 306,000-square-foot Class A medical, office and industrial business park, also offers approximately 140,000 square feet of industrial and office condominiums for sale. The industrial condos can accommodate users from 1,476 square feet up to about 40,000 square feet and the office units can accommodate users from 734 square feet to 1,476 square feet. All are offered built out and ready for immediate occupancy.

The project is developed and owned by Calabasas, CA-based M.W. Ossola & Associates, Inc. in a joint venture with Hillwood, a Perot Company, based in Dallas, TX.  M.W. Ossola & Associates, Inc's Principal Mark W. Ossola, also developed The Village at Moorpark shopping center immediately adjacent to the Patriot Commerce Center.