Fullerton-based Marshall B. Ketchum University paid $10.3 million for a building of about 85,000 square feet on La Palma Avenue in Anaheim and will move its University Eye Center there, the school said.
Ketchum began as an optometry school in Los Angeles more than 100 years ago, added a School of Physician Assistant Studies last year, and plans to launch its College of Pharmacy this year.
The eye center is currently at its main Fullerton campus, near California State University-Fullerton. The school also has an eye center in downtown Los Angeles.
The building acquisition facilitates the university’s recent and future growth.
New medical professionals must, “be trained to work in a multidisciplinary health care system,” said Ketchum University President Dr. Kevin Alexander, in a statement.
Ketchum offers a professional and a master’s degrees in vision science in its optometry program, as well as a master’s degree in medical sciences in the physician assistant program.
The new building will also have primary health care services and a pharmacy.
Property records show Northridge-based Asset Management Consultants Inc.'s La Palma Venture LP in Mission Hills selling the two-story, multi-tenant building, which was unoccupied at the time of sale., for about $125 per square foot.
CBRE Group Inc.’s Ted Snell, Gary Stache, Anthony DeLorenzo, Pat Scruggs and Doug Mack brokered the deal.
Snell represented the buyer, while the rest represented the seller.