Author: bailes

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Bailes & Associates, Inc. joins Irvine Chamber of Commerce

Bailes & Associates, Inc has joined the Irvine Chamber of Commerce and Sky Peterson, Vice President is the representative to this important organization. Bailes & Associates, Inc. has been located in Orange County since 2005 and Irvine since 2008. Sky’s leadership and involvement in this leading business support organization represents his commitment to increasing Bailes & Associates, Inc. profile in the city.

The Irvine Chamber remains the largest business organization in Orange County and one of the most innovative in the nation, and has received a Four Star Accreditation with the United States Chamber of Commerce. The ICC’s mission is to promote an economic climate that strengthens the competitiveness of local businesses while offering members a wide range of benefits, services, programs and information. For further information: http://www.irvinechamber.com.

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Dr. Archna Chaudhary Signs Two New Leases

Gary Pepp, Senior Vice President, of Bailes and Associates, Inc. recently completed the relocation of Dr. Archna Chaudhary to an upgraded office/medical building at 4401 Atlantic Blvd. in Long Beach, CA. Gary negotiated a five year, full service gross, lease at below market rents. Included was a total “turnkey” medical office build out that included 4 exam rooms and an ADA bathroom. Concessions included above building standard materials, rent abatement, free parking and DSL connection to the building’s internet, telephones and the building’s breakroom/kitchen. Dr. Chaudhary was so pleased with Gary that she asked him to find and negotiate another medical office lease in Los Alamitos. As of April 3, 2015, Dr. Chaudhary and the new landlord signed Gary’s negotiated Letter of Intent on the building at 5122 Katella Blvd. in Los Alamitos, CA.

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Law Office of Alisa Goukasian Relocates to Burbank

Tenant Representative, Narine Zardarian, relocates the Law Office of Alisa Goukasian from Glendale to 500 E. Olive in Burbank. Ms. Goukasian practices employment law, lemon law, and personal injury.

“I had a very pleasing experience with Narine.  She is passionate about her job and gets amazing results for her clients.
Narine was able to negotiate a great lease for my business.  She made the entire process very smooth and easy.
She is also very pleasant and personable.  I recommend her without any hesitation and very highly.”

— Alisa Goukasian

 

 

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Allen Industrial Supply Signs a Sublease with Westlake Pro

With the assistance of Narine Zardarian, Allen Industrial Supply, a 50- year old company based out of Burbank, subleased half of its premises to Westlake Pro, a leading name in audio gear and studio design and integration. Westlake Pro has served music industry icons such as Britney Spears, Snoop Dogg, and the legendary, late Michael Jackson.

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Aerospace Manufacturer Signs First New Lease in 55 Years

Aaron Weiner of Bailes & Associates, Inc. moved venerable aerospace manufacturer Photo-Sonics, Inc. from their ancestral home in Burbank where they were formed and had operated continuously since 1952.  During their years in Burbank,  the Rancho equestrian neighborhood grew up around them and they found themselves operating peacefully in the middle of a residential community.   But the metamorphosis of the neighborhood finally caught up to them and their landlord of more than 60 years (actually the children of the original landlord) sold the property to an owner-user interested in converting the buildings to a campus more in line with the current entertainment industry in Burbank.

“When I was engaged by Photo-Sonics to find them a new building to house their manufacturing, R&D and corporate offices, they made it clear that they needed a lot of hand holding because nobody at the company had ever dealt with this process” Aaron said.  “I provided it.”

With the Los Angeles industrial at historically tight levels, there was not much to choose from.  Add to that the specific building requirements of a manufacturer and geographical limitations of an R&D company with a team of highly specialized engineers, and we had a huge challenge finding a building that would work for them.

“We entered into negotiations on two occasions with willing landlords but the cost of modifying their buildings turned out to be much more than the either party was comfortable with” Weiner stated.  “It was while we were trying to figure out how to amortize extra landlord improvement allowances at the second location that I noticed a familiar 44,400 square foot building coming back on the market with a new owner ready to spend significant dollars to modernize the building.  The new landlord’s plans and my client’s needs aligned perfectly and we had a lease signed in 30 days.”

It was a happy ending to a 10 month search.  “I never stopped looking for the right building for Photo-Sonics”  Aaron said.  “And it paid off.”

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Catlin Insurance Relocates and Expands in Boston

Bailes & Associates, Inc. announce the lease for Catlin Insurance Company’s Boston office at 60 State Street. Mark Coffey assisted Catlin on the long term lease valued at $3M relocating the office to the 22nd floor of this prominent building in Boston’s central business district in October. Catlin insurance is a Bermuda-based specialty insurer and reinsurance and the owner of the largest syndicate of Lloyd’s of London. Catlin’s shares are treaded on the London Stick Exchange and the company is a member of the FTSE 250 Index.

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Repeat Clients Are the Best

Gary Pepp, Senior Vice President of Bailes & Associates had represented The Greater Long Beach Orthopaedic Surgical and Medical Group five years ago to the renegotiation of their 10,000+ sf medical practice in Long Beach. In 2013, the doctors had asked Gary to renegotiate their medical practice in Los Alamitos which also consisted of 10,000+ sf of space. Now in 2014, Bailes & Associates are pleased to announce that Gary has again successfully renegotiated another five years of medical office lease for  the Orthopaedic Doctors and their Long Beach location. The lease was countersigned by the landlord, Jamison Services, on August 28, 2014.

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Outstanding News!

The highly successful “The Original Dave’s Cosmic Subs” is branching out from its areas surrounding Cleveland, Ohio. The sub shop will be the first in Southern California and will be located in the City of Seal Beach. What makes this shop different from all the other popular Dave’s Cosmic Sub locations is that the franchise owners, Larry and JoAnn Drum, are working on plans to serve beer and wine to their customers. Thanks to Gary Pepp, Senior Vice President of Bailes & Associates, who not only found the unique stand-alone building which was a vacant drive-thru coffee shop just sitting in the parking lot of a very popular Seal Beach shopping center but also negotiated a favorable lease for his clients. Approximately 250 square feet of the building’s drive-thru lane will be converted into an outdoor dining patio for its patrons. The negotiations were complex and involved much detail but in the end, the lease was signed to everyone’s satisfaction.
The site is located the highly traveled Pacific Coast Highway and offers great visibility to the general public. This location is sure to be highly successful under the direction of the owners, Larry and Joann Drum which may lead to future Dave’s Cosmic Subs locations on the West Coast.
davelombardy

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