Los Angeles, CA (July 11, 2022) — Newmark announces it has completed a new headquarters office lease comprising approximately 34,000 square feet for California Fertility Partners at Sawtelle Plaza in Los Angeles, California. Newmark Senior Managing Director Steven Salas and Kelly Reinker represented the tenant in partnership with Daniel Chiprut of Commercial Asset Group. The building owner, Beverly Hills-based Arenda Capital Management, was represented by its founders Dusan Miletich and Evan Meyer in partnership with Andrew Jennison of Industry Partners and Aleks Trifunovic of Lee & Associates.
“California Fertility Partners is one of the top comprehensive fertility service providers in the country,” said Salas. “Sawtelle Plaza’s above-market parking ratio and central location in West Los Angeles provides the perfect location for its new headquarters.”
Located at 2045 Sawtelle Boulevard, Sawtelle Plaza is a three-story medical office building comprised of approximately 34,000 square feet. The building was formerly occupied by the Royal Consulate of Saudi Arabia. Arenda Capital Management purchased the building in 2016 in an off-market transaction. The property is located in the heart of West Los Angeles along the Sawtelle Corridor.
California Fertility Partners is a wholly owned subsidiary of Tampa-based Pinnacle Fertility. The practice specializes in the evaluation and treatment of male and female reproductive issues, with fellowship trained physicians that have been at the forefront of fertility care for more than thirty years. The new headquarters location will feature a medical and consult offices in addition to a state-of-the-art fertility and in vitro fertilization (IVF) lab.
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. Newmark generated revenues of nearly $3.1 billion for the twelve months ending March 31, 2022. Newmark’s company-owned offices, together with its business partners, operate from approximately 170 offices with 6,300 professionals around the world.