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Healthcare Niche is Keeping Construction Firm Busy

Thousand Oaks management and construction company Wesely Thomas Enterprises has won yet another contract with Valley Presbyterian Hospital, as the company continues to buck the trend in an industry hard hit by the economy. Wesely Thomas, which focuses on building or renovating labs, research facilities, medical services, operating rooms and other specialized and regulated facilities for biotechnology companies and hospitals, has won a contract to build the new labor and delivery facilities at the Van Nuys hospital. The new facilities will provide seven additional labor, delivery and recovery rooms, one additional labor room, and core and support services at the hospital. Wesely Thomas Project Manager Matthew Burns said the construction company has also helped Valley Presbyterian remodel its operating rooms, a CT Scan, a Nuclear Medicine and a X-Ray Room in addition to associated infrastructure and facility upgrades. “We’re very pleased to continue our working relationship with Valley Presbyterian,” said Carl Wesely, the firm’s founder and president. The company which was started 23 years ago and has grown to have revenues of upwards of $30 million has also done work for companies such as Amgen and Pharmavite. The company also remodeled and enhanced six operating rooms at Los Robles Medical Center and upgraded its pharmacy, all while facing the challenge of mitigating the impact that construction would have on hospital operations. Moorpark vs. Mexico Local manufacturer Angel Garcia changed his plans to move his Valley-based facility to Mexico, and instead leased 111,700 square-feet of industrial space in Moorpark. Garcia’s company, AG Machining, does specialized manufacturing, welding, laser cutting and powder coating for companies in the telecommunications, automotive, computer and home entertainment industries. The company has been operating in Ventura County for 25 years, but was exploring a move to the Otay Mesa region of Mexico, just east of Tijuana, motivated by substantial savings on labor costs, among other things. However, a sweet real estate deal was incentive enough to make them stay. Lee & Associates Principals John Ochoa, SIOR and Grant Harris transacted the seven-year lease at 609 Science Drive in Moorpark on behalf of AG Machining, Inc. Colliers International’s Team DeGrinis, Executive Vice President John DeGrinis, SIOR, Associate VP Patrick DuRoss and Associate Jeff Abraham, represented the landlord, 609 Science Drive LLC. Both groups worked hard to come up with a creative deal structure that addressed AG Machining’s short and long term goals. Among the deal points, AG Machining was granted early possession to set up the operation, free rent and an option to purchase. The new location allows AG Machining to consolidate its three facilities under one roof. Retail Subway recently leased 1,175 square feet of restaurant space at Twin Oaks Shopping Center in Agoura Hills, bringing the center to 94 percent leased. Twin Oaks Shopping Center is operated by Regency Centers. Subway, which was represented by Michael Schiff of NAI Capital, is slated to open for business in April in the 98,399 square foot shopping center that also houses Ralphs, RadioShack, Rite Aid, Wells Fargo Bank and Starbucks. In another retail transaction, the Do-it Center, a 45,400 square-foot retail property located in Valencia, was sold for $4.5 million, according to Adam P. Christofferson, first vice president/regional manager of Marcus & Millichap’s Encino office. Brandon Michaels, an investment specialist in Marcus & Millichap’s Encino office, represented the seller, a private investor. The buyer, also a private investor, was secured and represented by Lior Regenstreif, an investment specialist in Marcus & Millichap’s Encino office. Multi-Family Deals The Jordan Apartments, a 15-unit apartment property located in Canoga Park was sold for $1.01 million, according to Adam P. Christofferson, first vice president/regional manager of Marcus & Millichap Real Estate Investment Services. Reza Ghobadi, an investment specialist in Marcus & Millichap’s Encino office, represented the seller, a private investor, as well as the buyer, a limited liability company. Bella Vista Court, LLC has purchased a 38-unit apartment building at 17938 Burbank Boulevard in Encino from the Nagler Family trust for a transaction value of $5.5 million. Rod Delson with NAI Capital’s Westlake Village office represented both parties in the transaction. According to Delson, the building was 95 percent occupied at the time of the sale. Staff Reporter Andrea Alegria can be reached at (818) 316-3124 or at [email protected]

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