Jamison Buys Long Beach Medical Property
Los Angeles–based Jamison Properties, which owns the California Market Center in Los Angeles, has purchased a 150,000- square-foot medical building in Long Beach, Calif., for $30 million, according to brokers Cushman & Wakefield.
Jamison acquired the property, located at 2600 Redondo Ave., from Long Beach/Signal Hill Partners LP. The building is 100 percent leased, said Cushman brokers. Main tenants include Long Beach Memorial Hospital and HealthCare Partners. The facility was built in 1988 and sits on 5.44 acres of land, with entitlements to build another 100,000- to 150,000-square-foot office building. The location, at the intersection of Redondo Avenue and Willow Street, is close to the 405, 110 and 710 freeways, with access to the Long Beach Airport, downtown Long Beach, Los Angeles International Airport, downtown Los Angeles and Orange County.
Jamison owns more than 20 million square feet of office, medical office and other commercial properties in Southern California. Other recent purchases in the region include the Brunswig Square office building in the Little Tokyo district of downtown Los Angeles and a 101,000- square-foot office building in Monterey Park, Calif. —Robert McAllister
