Los Angeles – March 21, 2016 – CBRE Group, Inc. announced the completion of a lease for Neural Analytics, a two-year-old healthcare tech startup.
Neural Analytics, which makes brain-diagnostic devices, is quadrupling the size of its lease to 8,000 square feet at 2440 S. Sepulveda Blvd., a 140,000 square foot office project located in West Los Angeles. CBRE’s Andrew Riley, Senior Associate, and Vice Chairman Jeff Pion represented Neural Analytics. Harvey Capital Corp., the Landlord, was represented by the John Alle Company.
“Los Angeles and particular the West Side has made great strides in attracting healthcare-related companies and startups to the area,” said Pion. “This campus is a great example of this larger trend. It will be a great new home for Neural Analytics and be able to accommodate the company’s rapid growth.”
The new and larger location is meant to accommodate Neural Analytics’ increasing headcount. The company at the end of last year closed a $10 million round of fund raising. With the help of the additional money, it is looking to speed-up product development of such devices meant to diagnose concussions and other traumatic brain injuries and to hire more people.
“We are extremely excited about our new office space,” said Leo Petrossian, CEO of Neural Analytics. “We have grown quickly over the past year and are bursting at the seams in our current office. We believe this move will help us to attract and retain great talent. The office is centrally located in West LA and is right next to the new metro line.”
The building on Sepulveda is located near the intersection of the 10 and 405 Freeways. The 140,000 square-foot campus is also home to such healthcare-related companies as National Genetics Institute, Integrated Oncology and LabCorp.
"Los Angeles has a diverse and well-educated labor pool to pull from as well as the commercial space for companies to grow in,” said Riley. “Healthcare startups that are engaged in the production and distribution of pharmaceutical products can take advantage of Los Angeles' world-class production and distribution network."
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About CBRE Group, Inc.
CBRE Group, Inc. (NYSE:CBG), a Fortune 500 and S&P 500 company headquartered in Los Angeles, is the world’s largest commercial real estate services and investment firm (in terms of 2015 revenue). The Company has more than 70,000 employees (excluding affiliates), and serves real estate owners, investors and occupiers through more than 400 offices (excluding affiliates) worldwide. CBRE offers strategic advice and execution for property sales and leasing; corporate services; property, facilities and project management; mortgage banking; appraisal and valuation; development services; investment management; and research and consulting. Please visit our website at www.cbre.com.
