California medical office building sold for $30M

Agora Realty and Management in Calabasas, Calif., acquired a 75,000-square-foot medical office building in Tarzana, Calif., for $30 million, San Fernando Valley Business Journal reported Oct. 17. 

With Renton, Wash-based Providence, Los Angeles-based Cedars-Sinai and Unilab Corp. as tenants, the Tarzana Medical Plaza is 90 percent occupied. 

Agora's portfolio includes more than 2 million square feet of retail space in the Western U.S., including more than 330,000 square feet of space in Nevada.

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