- Business Advocacy
The Ratkovich Company announced Eastern Los Angeles Regional Center (ELARC) has signed a lease for an additional 7,771 square feet at The Alhambra, a reimagined 40-acre mixed-use urban community located in the City of Alhambra. The new deal expands ELARC’s space to nearly 115,000 square feet.
One of The Alhambra’s longest-standing tenants, ELARC is a private, non-profit organization under contract with the California Department of Developmental Services to coordinate and provide community-based services to individuals with developmental disabilities.
Kevin Duffy, senior vice president for CBRE, represented The Alhambra in the deal.
"We appreciate ELARC’s continued loyalty and take great pride in supporting them as their needs evolve,” said Mr. Duffy. “Over the years, The Alhambra's open layout and attractive campus structure has given it the flexibility to work with ELARC to renovate and design office spaces to accommodate their growing clientele and expanded services.
“When ELARC first moved into The Alhambra in 1996, we served more than 4,000 Californians a year,” said Gloria Wong, executive director, Eastern Los Angeles Regional Center. “Today, our client base has more than tripled to 12,061. As ELARC’s work continues to grow, we’re pleased that our relationship with The Ratkovich Company and their flexibility has allowed us to maximize our impact within the community.
The Alhambra is a 40-acre mixed-use urban community in the City of Alhambra owned and operated by a partnership of The Ratkovich Company and ELITE International and Future Land Development. The campus was originally developed in the 1920s as the headquarters for petrochemical engineering firm C F Braun and Co. The Ratkovich Company (TRC) first acquired the site in December 1999 and completed a successful $56 million renovation that enhanced and expanded the campus into an integrated urban community, home to office tenants such as County of Los Angeles, USC Keck School of Medicine, and Eastern Los Angeles Regional Center (ELARC). The Alhambra's amenities make for a unique workplace that includes a 50,000 square foot LA Fitness, sundry store, mobile dry cleaners, car wash, conference rooms, and a 170-seat auditorium. The Alhambra has maintained a LEED Gold certification since 2012. In 2005, TRC completed the development of a retail center adjoining the office campus known as The Shops at The Alhambra. Retailers include a shadow anchor Kohl’s Department Store, Starbucks, Jamba Juice, Subway, Pick-Up Stix, Sprint, and others. For more information on The Alhambra, visit http://www.thealhambra.net.
About The Villages at The Alhambra
The Ratkovich Company acquired The Alhambra in 1999 with the vision to develop a true Urban Community. Imagined as The Villages at The Alhambra, the new urban neighborhood will enhance the historical C F Braun property as an idyllic urban environment in a parklike setting, connected by meandering walkways, green spaces, and lush landscaping. In creating this new residential neighborhood, we are making a contribution to ease the housing shortage in Alhambra and the housing crisis in Southern California. Set in a largely commercial area surrounded by residential neighborhoods, more than 1,000 residential units, some for rent and others for purchase, will be built on a redeveloped parking lot and warehouse site in phases. Existing office space will be preserved, and the best of the original campus landscape will be maintained, making the entirety of The Alhambra merge seamlessly into a rich and sought-after place to live, work, and be inspired.
About The Ratkovich Company
The Ratkovich Company (TRC) is a Los Angeles development company that engages in both new projects and the imaginative reuse of existing buildings. TRC has completed, or has under development, more than 18 million square feet of commercial space in Los Angeles County, including San Pedro Public Market, a $150 million development on the L.A Waterfront scheduled to begin construction in 2019; The Bloc, a 1.8 million square foot, mixed-use property at the heart of downtown Los Angeles; The Alhambra, a 40-acre mixed-use urban community in the City of Alhambra; and The Hercules Campus at Playa Vista, a landmark property including the hangar where Howard Hughes’ legendary Spruce Goose was built, and now home to Google/YouTube and 72andSunny. TRC has won numerous awards for its restoration of Los Angeles landmarks including the Art Deco Wiltern Theatre and adjacent Pellissier building; the iconic 31-story 5900 Wilshire on Miracle Mile, and the Chapman Market. The James Oviatt and Fine Arts buildings were both awarded national landmark status after successful renovations by TRC. For more information, visit http://www.ratkovich.com