Medical Equipment Maker Relocates to Calabasas
Lee & Associates LA/North Ventura arranged a 15-year lease at a freestanding, 128,700-square-foot SF R&D industrial building located at 26801 Agoura Road in Calabasas. Located just off the 101 Freeway, the site will house the manufacturing facility for ResMed Motor Technologies, a medical equipment manufacturer relocating from Chatsworth.
The transaction, with an estimated value of $46.5 million, was completed by president Mike Tingus and principal Grant Fulkerson, SIOR of Lee & Associates – LA North/Ventura, who represented landlord Cypress Land Company. Cushman & Wakefield represented the tenant, ResMed Inc.
"Finding the right location for companies seeking critical industrial facilities of this size is a challenge in this market, and this location met all the needs that ResMed required," said Tingus, who has worked with the landlord for more than 30 years. "This is the first time the property has been available since it was built in 1998.
Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces.Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).