L.A. County Inks Deal for Huge Space in Chatsworth.ONE of the biggest blocks of space in the Chatsworth market was snatched up last week by the County of Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. in a 10-year, $34 million lease deal. The county is taking 164,500 square feet at CT Realty Corp.'s Chatsworth Business Park, located at 21415 and 21615 Plummer St. The park consists of two, two-story office buildings totaling 230,000 square feet. Sanyo Fisher occupies 65,000 square feet at one of the buildings. The county will take the remaining space there and all of the other building for its Department of Public Social Services. "It's one of the only opportunities in the area of this magnitude," said Dave Ball, vice president of development for Newport Beach-based CT Realty. Four county programs -- CalWORKs, Greater Avenues for Independence and the administrative offices of Medi-Cal and In-Home Supportive Services -- will be moving from Panorama City and Canoga Park in December. The county will also have a childcare center at the site, for approximately 75 children of employees. The Chatsworth location will serve as a one-stop shop One-Stop Shop A company or a location that offers a multitude of services to a client or a customer. The idea is to provide convenient and efficient service and also to create the opportunity for the company to sell more products to clients and customers. for social services in the west San Fernando Valley San Fernando Valley Valley, southern California, U.S. Northwest of central Los Angeles, the valley is bounded by the San Gabriel, Santa Susana, and Santa Monica mountains and the Simi Hills. , Ball said. CT Realty acquired the project last November from the government of Singapore The Government of Singapore is formed by the political party which gains a simple majority in the general elections held in Singapore at least once every five years. It is part of Singapore's political system and supported by the Singapore Civil Service. for $12.5 million. The company is currently in the process of investing $11 million in upgrades to the 14-year-old complex. "It presented a value-added opportunity for us," Ball said. Ken Ashen ash·en 1 adj. 1. Consisting of ashes. 2. Resembling ashes, especially in color; very pale: A face ashen with grief. , Greg Geraci and Bennett Robinson of CB Richard Ellis CB Richard Ellis Group, Inc. NYSE: CBG is a multinational real estate corporation currently based in Los Angeles, California, U.S.A.. On December 20, 2006, the corporation, also known as CBRE, completed acquisition of Trammell Crow Co. in a transaction valued at $2. represented CT Realty and Vincent Licato and William Twomey of Licato Realty & Associates represented the county. |
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