Noozhawk: CenCal Health Acquires Building

CenCal Health has purchased the 60,225-square-foot office building at 4050 Calle Real in Santa Barbara. CenCal Health had been leasing space in the building since 2009.

Francois DeJohn and Steve Hayes of Hayes Commercial Group represented both parties in the transaction.

“CenCal Health had been interested in buying the building for several years,” DeJohn said. “The timing finally came together as the ownership decided to sell.”

CenCal Health provides comprehensive health coverage to Medi-Cal beneficiaries. It is a publicly-funded, community-accountable health plan that serves more than 175,000 Santa Barbara and San Luis Obispo County residents.

CenCal Health administers the Medi-Cal program in both counties, creating access to high-quality health care for its members through contracts with local physicians and providers.

DeJohn and Hayes also represented both parties in CenCal Health’s lease of an additional 22,392 square feet of office space at 5540 Ekwill St. in Goleta in December 2018. The space is located in the Santa Barbara Technology Center, just off of Hollister Avenue and near Goleta Valley Cottage Hospital.

“This is a growing organization serving large area on the Central Coast,” DeJohn said. “By leasing space in Santa Barbara Technology Center, CenCal Health added necessary capacity for expansion.”

CenCal Health is one of the South Coast’s largest employers with more than 230 full-time workers in Santa Barbara and Goleta.

“CenCal Health takes pride in effectively managing the resources entrusted to us,” said Bob Freeman, CenCal Health CEO. “Purchasing the building that we’ve been leasing for a decade makes sound financial sense. It also translates into a permanence of commitment to the communities we serve and to our employees.”