CGS3 Assists in $50 Million Pasadena Office Acquisition
SAN DIEGO (December 6, 2017) – Crosbie Gliner Schiffman Southard & Swanson LLP (CGS3), partner David Swartz recently represented Doheny Eye Institute – a top-ranked nonprofit organization affiliated with UCLA Stein Eye Institute – in the $50 million acquisition of its new headquarters, a four-story Pasadena office complex.
The 123,204-square-foot complex is situated on seven acres at 150 N. Orange Grove Blvd. Following the completion of interior renovations, Doheny Eye Institute plans to relocate there from its current Boyle Heights offices in late 2018.
Designed by architects William L. Pereira & Associates, creators of the original Los Angeles County Museum of Art (LACMA) campus and the Transamerica Pyramid in San Francisco, this LEED Silver-contemporary property was built in 1981 and originally housed the Avery Dennison Corporation. The building, adjacent to Old Pasadena, award-winning restaurants, the Norton Simon Museum, the Pasadena Museum of History and the Tournament of Roses, will serve as the new home to Doheny’s vision research center, operating suites and clinical space.
Doheny was also represented by broker Charles Dunn Company in the transaction.
About Crosbie Gliner Schiffman Southard & Swanson LLP (CGS3)
Since its inception in 2013, CGS3 has quickly established a reputation as one of the leading real estate law firms in California, attracting some of the state’s finest real estate attorneys from both large corporate firms and senior in-house positions.
With practice areas including land use, finance, acquisition/disposition, hospitality, entity formation, tax, development, leasing, distressed assets and litigation/disputes, CGS3 is located at 12750 High Bluff Drive, Suite 250, San Diego, and 11601 Wilshire Blvd., Suite 1600, Los Angeles. For more information, visit www.cgs3.com.
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