The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
November 3, 2024
 Search RENTV
   Go!
 The REview
 News
News Home Page
Southern California
Northern California
Pacific Northwest
Texas/Southwest
Retail
Multifamily
Financing
Prop. Management
Archives
Press Releases
 R. E. Marketplace
Service Providers
JobWorks
Property Spotlight
 RENTV  Conferences
Subscriber Login:
  
Email      
    Go!
Password      
Forgot Password?



SACRAMENTO NEWS
Printer-friendly Version   Email an Associate
Meridian Acquires Stockton Property for Development of State-of-the-Art Medical Facility

3/27/18

Meridian has acquired a 7.5k sf building in Stockton, CA for $1.25 mil.

The building sits on 2.06 acres at 7500 West Lane, which is positioned directly across the street from Kaiser Permanente’s Stockton Medical Offices and within a five-minute walk to restaurants and retail amenities including Costco. Meridian purchased the property to develop a new ambulatory outpatient clinic for its client.

“Once the existing building is vacated, we plan to demolish it in order to make space for the new larger facility,” said Meridian Director of Acquisitions, Lorenzo Brooks. “The new facility will be a state-of-the-art 13.6k sf OSHPD3 outpatient clinic. Construction is scheduled to begin in the next few months and should take less than a year to complete.”

Brian Peterson with CBRE’s Stockton office represented the seller, The Builders’ Exchange of Stockton. The new project will be designed by Harriman Kinyon Architects of Walnut Creek, Kier & Wright Civil Engineers of Livermore, and constructed by H2 Builders of Napa, CA.

This acquisition represents Meridian’s first purchase in 2018 and the company currently has several other properties in escrow. Moreover, Meridian will begin construction on outpatient facilities in Long Beach and Modesto in the next few months, and recently completed the construction of two outpatient facilities located in Oakland and Castro Valley, California.







Return to the Archive page
 


 


 
 
 



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2024 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media