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12/18/18
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AltaMed Health Services has acquired a 90.5k sf, three-story office tower in Anaheim. The property, located at 1325 N. Anaheim Blvd, will be used by AltaMed to provide healthcare to more than 300,000 residents across LA and Orange counties.
AltaMed will bring multiple service programs to the facility as part of an overall strategic expansion in North Orange County. Plans for the facility, which will be converted from office to medical office uses, include urgent care, medical, dental, pharmacy, senior care, as well as administrative offices.
The building was previously occupied by CKE Restaurants for its corporate headquarters. AltaMed will sublease the entire building from CKE for approximately five years.
NKF Executive Managing Director David Kluth, Senior Managing Director Justin Hodgdon, Managing Director John E. Scruggs and Associate Mai Hu represented the buyer and tenant, AltaMed, in the transaction with the seller, North Anaheim Office LP. CKE Restaurants was represented by CBRE Senior Vice Presidents Dean Chandler and Rick Warner.
“This is especially good news since AltaMed immediately takes the place of CKE who announced a relocation of their operations out of state. For Anaheim and the surrounding area, the expansion of AltaMed helps to bring jobs back to the community,” noted Kluth.
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