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N  E  W  S        R  E  L  E  A  S  E

Ansoorian and Associates
Public Relations
17615 Kittridge Street
Van Nuys, CA 91406
818-881-1183


VENTURA COUNTY LEASES ENTIRE THOUSAND OAKS
OFFICE BUILDING; CONSOLIDATES LOCAL ACTIVITIES



THOUSAND OAKS, CA -- Various departments of the behavioral health division of Ventura County (CA) in Thousand Oaks, CA will be consolidated under one roof following the county's inking of a lease for an entire 21,000 sq. ft. office building in that community, announces Westcord Commercial Real Estate Services.

Tony Principe, executive vice president of Westlake Village, CA-based Westcord, reports that the county plans a mid-March occupancy of the two-story building located at 72 Moody Court.    Approximately 80 people will be employed at the site that will consolidate activities from several other Thousand Oaks locations for the county.

Tony and Rick Principe, president of Westcord, represented Newbury Partners, the property owner.  CB Richard Ellis represented the county. The seven year lease is valued at $3.5 million.

Newbury Partners reports that it plans to initiate significant renovation at the property concurrent with the new occupancy.  72 Moody Court is a wood frame and stucco structure that reflects the architectural motif of the surrounding neighborhood.  The building features ample on-site, street level parking, and generous landscaping.

Westcord is one of the Los Angeles area's top 25 commercial real estate companies with offices in Westlake Village, CA, and Van Nuys, CA.



3/4/03

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