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School's in. (Real Estate).


Platt College has inked a deal to take more than 18,000 square feet at the Alhambra office campus. The school, which also has campuses in Ontario and Newport Beach Newport Beach, residential and resort city (1990 pop. 66,643), Orange co., S Calif., on Newport Bay and the Pacific Ocean; inc. 1906. It is a popular seaside resort and yachting center. Manufactures include electrical and medical equipment, computers, boats, and adhesives.  and specializes in teaching multimedia and information technology, will relocate its existing 250-student 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.  campus to the new site from its Figueroa Street Figueroa Street is a street in Los Angeles County, California. It runs in a north/south direction for a length of more than 30 miles (48 km) between the Los Angeles communities of Eagle Rock and Wilmington.  locale in Eagle Rock in September.

The 11.5-year lease is worth $5.6 million.

With the deal signed, the 1 million-square-foot property at Fremont Avenue and Mission Road is about 85 percent occupied.

Ernst Co.'s Fred Ernst represented Platt College while Grubb & Ellis Co.'s Bill Boyd, Linda Lee and Brendan Monaghan represented the landlord, a partnership of Ratkovich and CIGNA CIGNA CG (Connecticut General Life Insurance Company) INA (Insurance Company of North America)  Corp. subsidiary Connecticut General Life Insurance Co.

Staff reporter Danny King can be reached at (323) 549-5225 ext. 230, or at dking@labusinessjournal.com.
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Article Details
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Author:King, Danny
Publication:Los Angeles Business Journal
Article Type:Brief Article
Geographic Code:1USA
Date:Jul 7, 2003
Words:141
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