Gary A. Pepp, Senior Vice President, is pleased to announce as of September 1, 2020 the relocation and expansion of a well-known Beverly Hills dermatologist, Dr. Paul Wallace, MD. After 20 plus years in Beverly Hills, Dr. Wallace decided to relocate to Culver City, CA. In our market survey, we found space that was vacated unexpectedly by a national known medical group. In our negotiations for the approximately 6,000 sf space, we negotiated an eleven (11) year lease at market rate on a full service gross lease and months of free Rent/CAM charges. The premise was totally built out as medical space two years earlier by the previous tenant. The space was acceptable “As Is” with the Landlord being responsible only for the painting and flooring. Tenant will be responsible for any additional minor tenant improvements
The Wallace Medical Group practices medical and cosmetic dermatology with no involvement with plastic surgery. We wish Dr. Paul Wallace much success in his new location and thank you for your letter of recommendation.