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Deal of the Week - Lease

Profil renews in medical center

Ron Magnaghi, of The Irving Group, handled the Deal of the Week.

The deal was a lease renewal by The Profil Institute on 25,763 square feet of office space in the Chula Vista Medical Center, 855 Third Ave., Chula Vista, from G&E HC REIT Chula Vista MOB LLC. The 108-month lease is for $9.5 million.

In early 2005, Profil leased 8,322 square feet at 865 Third Ave., Chula Vista, from Center Medical Plaza LP for 87 months at $1,933,101.

Chula Vista Medical Center consists of approximately 80,000 square feet in a single-story (865 Third) and a four-story (855) medical office building.

A five-story parking structure connects to the four-story building. The buildings include medical suites from 1,000 to 12,000 square feet. The medical office campus was constructed in 1999.

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