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Saddleback Medical Building Secures Largest Tenant

The Saddleback Medical Building in Laguna Hills has secured its largest tenant, after the 136,000-square-foot medical office completed a major renovation.

Harvard Eye Associates, a provider of LASIK, cataract surgery and other general eyecare services, recently inked a 27,000-square-foot lease at the five-story building at 23961 Calle de La Magdelena. It’ll take up an entire floor at the building, which is part of the campus that surrounds Saddleback Memorial Medical Center, a 325-licensed bed hospital with nearly 2,000 full-time employees.

The building is owned by Irvine-based Greenlaw Partners. It bought the building in 2016 for $34.5 million and recently completed a multi-million dollar series of upgrades.

Randall Parker and Matt Wiley from Savills represented Harvard Eye Associates, while John Wadsworth and Aaron Phillips from Colliers International represented Greenlaw in the deal.

The space “represented the largest block of existing and contiguous medical office space available in Orange County,” said Wadsworth, a senior vice president at Colliers’ Irvine office.

“This was an attractive opportunity for a large user due to the desirable location within the SMMC campus and the extensive upgrades recently completed at the Saddleback Medical Building.”

Harvard Eye Associates has three locations in Orange County. It had been operating in Laguna Hills out of a site on the opposite side of the hospital.

Other tenants at the building, which has an on-site pharmacy, multiple lab services, and a dedicated parking structure, include cancer treatment and prevention firm Breastlink and a LabCorp patient service center.

“The balanced mix of healthcare specialties within the SMMC campus provides a built-in referral source for tenants like Harvard Eye Associates,” Wadsworth added.

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