- Business Advocacy
The Ratkovich Company announced that long-term tenant County of Los Angeles has renewed 117,846 square feet of office space at The Alhambra, including Department of Public Works, District Attorney, and Department of Public Health. Alhambra Hospital Medical Center (AHMC) has also signed on for an additional two years at 16,767 square feet. The Alhambra is a reimagined 40-acre mixed-use urban community developed by The Ratkovich Company located at 1000 S. Fremont Ave. in Alhambra.
Damon Feldmeth, senior vice president, CBRE, represented The Alhambra in the County of Los Angeles deals. A tenant since 1999, County of Los Angeles represented itself in the agreement. In the AHMC lease renewal. Kevin Duffy, senior vice president for CBRE, represented The Alhambra.
“Despite the challenges of the past year due to the pandemic, The Alhambra has kicked off 2021 on a positive note with lease renewals totaling 134,613 square feet,” said Megan Moloughney, senior development manager, The Ratkovich Company. “We greatly appreciate the loyalty of the County of Los Angeles and AHMC, and we are working with them to safely reopen as the health situation begins to improve.”
“As a result of COVID-19, employers are attracted to lower density office space, with multiple points of access to elevators and entry ways to facilitate social distancing,” Mr. Feldmeth said. “The Alhambra’s iconic low-rise brick buildings, high grade interior air filtration, clean energy, extensive green space, lush landscaping, and water features provide the ideal environment in the post-pandemic world.”
Since acquiring and redeveloping The Alhambra in 1999, The Ratkovich Company has demonstrated its ongoing commitment to providing tenants and the local community with a healthy, creative, environmentally conscious campus that ties into its mission to improve the overall quality of urban life. This vision has resonated with long-term occupants, resulting in high tenant retention rates and major office space expansions.
About The Alhambra
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 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 the 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 include a 50,000 square foot LA Fitness, sundry store, mobile dry cleaners, car wash, conference rooms, and a 170-seat auditorium.
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, over 18 million square feet of commercial space in Los Angeles County, including West Harbor, a $150 million development on the L.A Waterfront scheduled to begin construction in 2021; 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.
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 historic 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 contributing to ease the housing shortage in Alhambra and the housing crisis in Southern California.