CLARE Foundation Signs 10-Year Office Lease On Lincoln Boulevard
Posted Sep. 17, 2013, 9:15 am
Brenton Garen / Editor-in-Chief
The CLARE Foundation has signed a 10-year lease to fully occupy an office building at 1334 Lincoln Boulevard in Santa Monica.
The new space will function as Conscious Recovery by CLARE Foundation. Move-in is anticipated to occur before year-end and approximately 10 employees will be hired for the new location.
Charles Dunn Company completed the lease deal for 6,540 square feet of space valued at $3,153,000.
Charles DeSantis and Kyle Gulock of Charles Dunn Company represented CLARE Foundation in the transaction. Jeff Pion and Michelle Esquivel-Hall of CBRE represented the landlord, Los Angeles-based The Bradmore Group.
CLARE Foundation, a nonprofit organization providing treatment and recovery services for alcoholism and substance abuse to individuals, families, and the community, will use the property as an outpatient facility for its private patients.
“The property was vacant but had undergone significant capital improvements by its ownership in anticipation of identifying the right tenant,” said DeSantis. “We negotiated a strong tenant improvement package for our client which includes the build out of executive offices, group rooms with connecting patios, and counseling rooms.”
Charles Dunn Company worked closely with CLARE Foundation in order to identify the ideal facility. The property offers prominent signage on Lincoln Blvd., high ceilings, skylights, secured and gated parking and is near the 10 Freeway.
“The tenant required a property that was walking distance to the beach and needed convenient parking for its patients,” said Gulock. “This space offered the ideal, beach-close location as well as ample secured parking on the ground floor, which is very rare for the market.”
CLARE Foundation currently has its administrative offices at 909 Pico Boulevard, Santa Monica.
Charles Dunn Company is one of the largest full-service regional real estate firms in the western United States.