1303 Optical Drive with OneLegacy CEO Tom Mone
One of the largest organ, eye and tissue donation nonprofits in the world has acquired an office building in the Valley that will serve as its new headquarters.
OneLegacy paid $18.4 million for the building at 1303 Optical Drive in Azusa. Vindar Batoosingh of CBRE represented OneLegacy in the deal, which was announced Wednesday.
Los Angeles-based Proficiency Capital sold the 98,770-square-foot building. The firm also recently sold a development site, known as the Canyon City Business Center, on Todd Avenue for $47 million.
OneLegacy will be relocating from Downtown office at 221 South Figueroa Street. It plans to add a recovery center to the three-story property.
This was the second significant commercial real estate purchase for OneLegacy in a little over a year. In April 2018, the organization paid Blackstone $39 million for a 203,000-square-foot office complex in Monterey Park.
Last month, investment firm Westcore Properties secured a $100 million loan to build a massive car dealership and rental facility in Azusa. The project, financed by Bank of America, would span 188,950 square feet once completed.