Construction has commenced at the new two-story Orchard Medical Center on Orchard Village Road in Valencia, CBRE announced.

The project, which tilted walls in early September, is expected to be completed in March 2020.

CBRE’s Craig Peters and Sam Glendon are the leasing and sales agents for the project.

This 41,244 square-foot property, located at 25425 Orchard Village Road, at the corner of Wiley Canyon Road, will be divisible into approximately 5,000 square-foot suites for sale or lease.

The site is situated less than a half-mile from Henry Mayo Newhall Hospital.

“Valencia is a fantastic location for such a state-of-the-art medical space,” Peters said. ”With the expansion of Henry Mayo Newhall Hospital just being completed, the timing is great to be delivering a new building just down the street. Plus, the ability to purchase medical office suites in today’s very low-interest-rate environment is compelling.”

The 2.76-acre site, former location of a Pinecrest School and Einstein Academy, will also include five cars per 1,000 square feet of parking.

About CBRE Group, Inc.
CBRE Group, Inc. a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (based on 2018 revenue). The company has more than 90,000 employees (excluding affiliates) and serves real estate investors and occupiers through more than 480 offices (excluding affiliates) worldwide. CBRE offers a broad range of integrated services, including facilities, transaction and project management; property management; investment management; appraisal and valuation; property leasing; strategic consulting; property sales; mortgage services and development services. Visit www.cbre.com.