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News release

SAN DIEGO

cCARE Leases 20,230 Square Feet at Nordahl Medical Centre in San Marcos, California

Nordahl Medical Centre, Inc. completes deal with oncology and hematology practice


SAN DIEGO, CALIF., Dec. 19, 2016JLL announced today that Nordahl Medical Centre, Inc. has negotiated a lease with cCARE for a 20,230 square feet of premises at Nordahl Medical Centre. This three-story, 57,333-square-foot Class A medical office building is located at 838 Nordahl Road in San Marcos California.  It was developed by Newport National Corporation. The premises will serve as a new clinic for the oncology and hematology practice of cCARE.

JLL's Paul Braun, Chris Ross and Kelly Moriarty represented the landlord, Nordahl Medical Centre, Inc.  Lars Eisenhaur and Dan Yeilding of CBRE represented the tenant, cCARE.  The JLL team is leading the marketing efforts at Nordahl Medical Centre which is able to accommodate a variety of requirements ranging from 1,200 to 14,870 square feet on a lease or sale basis.

"Located off the 78 near the I-15, this new facility will provide easy access for our patients by car as well as public transportation," said Dr. Edward McClay of cCARE. "Working together with Newport National Corporation and the design team, we have planned for a state-of-the art facility that will provide access to cutting-edge treatments and research. We believe that we have designed a facility with an atmosphere of peace and serenity that will put patients at ease during what is likely to be one of the most difficult times of their lives."

Braun added "San Diego medical office fundamentals continue to strengthen with occupancy increasing in six of eight submarkets in the third quarter.  Additionally, average asking rental rates continue to rise with a 2.2 percent year-over-year increase, and are projected to continue moving upward at a similar pace for the foreseeable future."

Nordahl Medical Centre is ideally located adjacent the SR 78 Freeway at Nordahl Road and just one mile from the Palomar Medical Center.  The project features unobstructed visibility, beautiful high finish common areas, an outdoor patio located amongst mature landscape, 24-hour card key access, security cameras and abundant free parking.  Nordahl Medical Centre is walking distance to public transit and a variety of retail and restaurants. For more specific information on the project, please visit the website at: http://www.nordahlmedicalcentre.com.

The project was developed by Newport National Corporation (NNC), a full-service, vertically integrated real estate company based in Carlsbad, California. NNC was founded in 1973 and incorporated in 1975 by Mr. F.M. "Bruce" Brusseau. NNC is currently run by its President, Scott R. Brusseau and Senior Vice President, Jeffry A. Brusseau. NNC's business strategy has and continues to be the acquisition, development and management of prime commercial real estate properties in dynamic growth areas. One of NNC's key objectives is to provide private and institutional investors with exceptional services and investment performance. The firm has developed and managed a diverse portfolio of approximately 2,137 acres & 4,354,000 square feet including low and mid-rise office, power centers, shopping centers, free-standing industrial, multi-tenant industrial, research and development, business parks and master planned residential properties. NNC has developed its properties throughout the western United States in California, Arizona, and Colorado, with a particular emphasis in San Diego County, California. 

For more news, videos and research resources on JLL, please visit the firm's U.S. media center Web page: http://bit.ly/18P2tkv.

About cCARE
California Cancer Associates for Research and Excellence, cCARE, is the largest full-service private oncology and hematology practice in California. cCARE delivers the highest quality medical oncology, chemotherapy and radiation treatments, supplemented by a large research and clinical trials program. With nine clinical and business offices in the San Diego and Fresno areas, and one urology clinic in La Jolla, patients receive thorough, compassionate and convenient treatment no matter where they call home. For more information visit www.ccare.com.

About JLL
JLL (NYSE: JLL) is a professional services and investment management firm offering specialized real estate services to clients seeking increased value by owning, occupying and investing in real estate.  JLL is a Fortune 500 company with, as of December 31, 2015, revenue of $6.0 billion and fee revenue of $5.2 billion, more than 280 corporate offices, operations in over 80 countries and a global workforce of more than 70,000.  On behalf of its clients, the company provides management and real estate outsourcing services for a property portfolio of 4.0 billion square feet, or 372 million square meters, and completed $138 billion in sales, acquisitions and finance transactions in 2015. As of September 30, 2016, its investment management business, LaSalle Investment Management, has $59.7 billion of real estate assets under management. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit www.jll.com.