Anthem Blue Cross Leases Office Campus In San Fernando Valley For $2.90/SF

Anthem Blue Cross has recently signed a lease for office space in the San Fernando Valley. The lease agreement is for the property located at 21255 and 21215 Burbank Boulevard in Los Angeles, specifically in the Warner Center. The office campus, owned by Lincoln Property Co. and Angelo, Gordon & Co., spans a total of 169,000 square feet.

Summary of transaction details

• Property Type: Office Campus
• Transaction Amount: Lease
• Asking Rent: $2.90 per square foot
• Tenant: Anthem Blue Cross
• Tenant's Rep: Corey Davidson, Liron Nelik, and David DiPietro
• Landlord: Lincoln Property Co. and Angelo, Gordon & Co.
• Landlord's Rep: Kent Handleman

The lease agreement was facilitated by tenant representatives Corey Davidson, Liron Nelik, and David DiPietro, while Kent Handleman acted as the landlord's representative. The Warner Center, an area in the San Fernando Valley, has been gaining popularity among developers. Adler Realty Investments has plans to develop the Warner Center campus, with aims to construct 1,000 new residential units and over 1.25 million square feet of office space. This influx of development showcases the growing interest in the San Fernando Valley as a desirable location for businesses and residents alike.