Meridian

  • Sutter Square

    Meridian Sells Concord Office Building for $31M

    January 20, 2020 – Meridian, a full-service real estate developer and owner of general and medical office real estate, is pleased to announce that it has completed the sale of Sutter Square, a 174,689-square-foot, nine-story office building located at 1800 Sutter Street, near downtown Concord, California, to a joint...
  • Modesto Meridian

    Meridian Sells Newly Constructed MOB for $6.1M in Modesto

    December 13, 2019 – Meridian, a full-service real estate developer and owner of medical real estate, is pleased to announce that the company has closed escrow on the sale of its new construction, 11,250-square-foot outpatient dialysis clinic in Modesto, California. The purchase price was $6.1 million, representing a cap...
  • Dialysis Clinic Stockton

    Meridian Sells New 13,600 SF Dialysis Clinic in Stockton for $7.5M

    November 19, 2019 – Meridian, a full-service real estate developer and owner of medical real estate, is pleased to announce that the company has closed escrow on the sale of its 13,600-square-foot dialysis clinic in Stockton, California. The purchase price was $7.5 million, representing a cap rate of 5.15%....
  • 3601 Sunflower

    Meridian Buys 53,500 SF Building in SOCO for MOB Conversion

    October 25, 2019– Meridian, a full-service real estate developer and owner of medical real estate, is pleased to announce that the firm has closed escrow on the purchase of a 53,500-square-foot, two-story medical office building in Santa Ana, California. The purchase price was $20.35 million and Meridian plans to...
  • Pasadena Cotton

    Meridian Sells 115,000 SF Medical Office Complex in Pasadena

    October 22, 2019 – Meridian, a full-service real estate developer and owner of medical office real estate, is pleased to announce that it has completed the sale of Cotton Medical Center located at 50 Bellefontaine St. and 50 Alessandro Pl., adjacent to Huntington Memorial Hospital in Pasadena, California. The...
  • Meridian Pasadena

    WelbeHealth to Open at Meridian’s Cotton Medical Center in Pasadena

    June 12, 2019 – Meridian, a full-service real estate developer and owner of medical real estate, is pleased to announce that WelbeHealth recently signed a lease at Meridian’s recently renovated Cotton Medical Center, a 115,000-square-foot medical office complex located in Pasadena, Calif. WelbeHealth will occupy 14,200 square feet in...
  • Meridian-Castro-Valley

    Meridian Sells Medical Building in Alameda County for $7 Million

    May 9, 2019 – Meridian, a full-service real estate developer and owner of medical real estate, is pleased to announce that the company has closed escrow on the sale of its 10,000-square-foot outpatient clinic in Castro Valley, Calif. The purchase price was $7 million, representing a cap rate of...
  • awais mughai

    Meridian Names Industry Veteran Awais Mughal as SVP of Acquisition

    May 6, 2019 – Meridian, a full-service real estate developer and owner of commercial real estate, announced today that industry veteran Awais Mughal has been hired as Senior Vice President of Acquisitions. Mughal will be based in Meridian’s San Ramon headquarters located at 2420 Camino Ramon, Suite 215 and...
  • Long Beach Medical

    New Medical Clinic in Downtown Long Beach Trades for $8.4 Million

    April 25, 2019– Meridian, a full-service real estate developer and owner of medical real estate, is pleased to announce that the company has closed escrow on the sale of its 9,200-square-foot dialysis clinic in Long Beach, Calif. The purchase price was $8,421,580, representing a cap rate of 5.0 percent....
  • Grunow Medical Center

    Meridian Completes Repositioning and Recapitalization of Landmark Medical Office Building in Phoenix

    April 12, 2019 – Meridian, a full-service commercial real estate developer and owner of medical real estate, is pleased to announce that it has completed the renovation and repositioning of Grunow Memorial Medical Center, a landmark 53,000-square-foot, two-story, medical office building located at 926 East McDowell Road in Phoenix,...
  • Meridian Torrance

    Meridian Acquires MOB in Los Angeles South Bay for $7.5 Million

    December 17, 2018 – Meridian, a full-service real estate developer and owner of medical real estate, is pleased to announce that the firm has closed escrow on the purchase of a 26,000-square-foot medical office building in Torrance, California. The purchase price was $7.5 million and Meridian plans to invest...
  • sheila Schmidt

    Meridian Opens New Phoenix Office, Names Sheila Schmidt VP of Development

    October 17, 2018 – Meridian, a full-service real estate developer and owner of medical real estate, announced today that industry veteran Sheila Schmidt has been hired as Vice President of Development. She will be based in Meridian’s new Phoenix office located at 2375 N. Camelback Road, Suite 600 and...
  • 4242 Broadway in Alameda County

    Meridian Sells Dialysis Clinic for $1,230 PSF in Alameda County

    September 20, 2018 – Meridian, a full-service real estate developer and owner of medical real estate, is pleased to announce that it has closed escrow on the sale of its 12,754-square-foot dialysis clinic in Oakland, California. The purchase price was $15.7 million, representing a price of $1,230+-per-square-foot or a...
  • 1000 Marina Boulevard in Brisbane, California

    Meridian Sells 104,000 SF Multi-Tenant Office Building in Brisbane for $39.5 Million

    June 15, 2018 – Meridian, a full-service real estate developer and owner of general and medical office real estate, is pleased to announce that it has completed the sale of its 104,000-square-foot multi-tenant office building located on 1000 Marina Boulevard in Brisbane, California. The sale price was $39.5 million...
  • modesto meridian

    Meridian Acquires Land to Develop New 11,250 SF MOB in Modesto

    April 17, 2018 – Meridian, a full-service real estate developer and owner of medical real estate, is pleased to announce the purchase of 1328 Coffee Road in Modesto, California, marking its second acquisition of 2018, and 10th acquisition in 24 months. The site consists of a vacant 39,204-square-foot parcel...
  • meridian stockton

    Meridian Purchases 2.06 Acres in Stockton to Develop New Outpatient Clinic

    March 27, 2018 – Meridian, a full-service real estate developer and owner of medical real estate, is pleased to announce that it has closed escrow on the purchase of a 7,500-square-foot building sitting on 2.06-acres located in Stockton, California. The purchase price was $1.25 million. Meridian purchased the property...
  • Meridian Long Beach

    Meridian Buys 29,000 SF Parcel in Downtown Long Beach, CA to Build MOB

    January 24, 2018– Meridian, a full-service commercial real estate developer based in California, is pleased to announce the purchase of three existing buildings on five parcels totaling 29,000 square feet of land located in Downtown Long Beach at 1078-1090 Atlantic Boulevard. Meridian paid $2.45 million for the property, which...
  • Linda Shoemaker Haskins

    Meridian Hires Linda Shoemaker Haskins as Vice President, Asset Management

    January 1, 2018—  Meridian, a full-service real estate developer and owner of medical and general office real estate, announced today that Linda Shoemaker Haskins has been hired as Vice President, Asset Management. She will lead Meridian’s Asset Management team and oversee management of Meridian’s properties in Northern California. “We...
  • meridian oakland

    Meridian Receives Two National Awards for Excellence in Healthcare Real Estate

    December 8, 2017 – Meridian, a full-service real estate developer and owner of medical real estate, is pleased to announce that it has received two prestigious 2017 HREI Insights Awards in the categories of “Best Renovated or Repurposed Healthcare Facility” and “Best New Medical Office Buildings and Other Outpatient...
  • The Laguna

    Meridian Buys Medical Office Building in Laguna Hills, Calif.

    October 19, 2017– Meridian, a full-service real estate developer and owner of medical real estate, is pleased to announce that the firm has closed escrow on the purchase of The Laguna, a 57,057-square-foot medical office building in Orange County, California. This acquisition expands Meridian’s footprint in Southern California coming...
  • andy hoover meridian

    Healthcare Executive Andrew Hoover Joins Meridian as Vice President of Business Development

    September 26, 2017— Meridian, a full-service real estate developer specializing in acquiring and developing real estate facilities for the healthcare sector, announced today that senior healthcare executive Andrew Hoover has been hired as Vice President of Business Development. Hoover will play a leadership role in business development and facility...
  • grunow medical center

    Meridian Buys 51,150 SF Landmark Medical Office Building in Phoenix

    September 13, 2017— Meridian, a full-service commercial real estate developer based in California, is pleased to announce the purchase of Grunow Memorial Medical Center, a landmark 51,150-square-foot two-story medical office building located at 926 East McDowell Road in Phoenix, Arizona. The seller was PacVentures, a real estate investment firm...
  • 1800 Sutter Street

    Meridian Buys 174,689 SF Office Building in Concord for $26.2 Million

    August 31, 2017—- Meridian, a full-service commercial real estate developer based in California, is pleased to announce the purchase of Sutter Square, a 174,689-square-foot nine-story office building located at 1800 Sutter Street in Concord, California. The seller was the Cranbrook Group of Modesto, California. Meridian paid $26.2 million for...
  • Cotton Medical Center

    Meridian Names Cypress West as Property Manager of 115,000 SF Newly-Renovated Cotton Medical Center

    June 1, 2017 – Meridian, a full-service real estate developer and owner of medical real estate, is pleased to announce that the firm has retained Cypress West Realty Management of Rancho Santa Margarita, Calif., to manage Meridian’s 115,000-square-foot medical office complex in Pasadena, California. CEO John Pollock, categorizes the new...
  • Dave Kreske Joins Meridian as Vice President of Construction

    January 30, 2017 – Meridian, a full-service real estate developer specializing in acquiring and developing real estate facilities, expands its construction division with the addition of David Kreske, a well-respected construction professional with a successful track record of over 25 years in construction management. In his new role as Vice...
  • Meridian Completes $4 Million Repositioning of 12,500 SF General Office Building in Palo Alto, CA

    January 9, 2017 – Meridian, a full-service real estate developer and owner of general and medical office real estate, is pleased to announce that it has completed the repositioning of a 12,500-square-foot single-tenant office building located in Santa Clara County at 2626 Hanover Street in Palo Alto, Calif. The building...
  • Meridian Buys 105,000 SF Office Building in San Mateo County for $29 Million

    January 3, 2017— Meridian, a full-service office property developer in California, is pleased to announce the purchase of 1000 Marina, a six-story 105,000-square-foot office building in San Mateo County, Calif.  The seller was TA Associates, a private equity firm based in Boston, Massachusetts. Meridian paid just under $29 million for...
  • R.J. Sommerdyke Joins Meridian Healthcare Acquisition Team

    December 7, 2016 – Meridian, a full-service real estate developer specializing in acquiring and developing real estate facilities for the healthcare sector, announced today that R.J. Sommerdyke has joined the company’s acquisition team in Southern California. Sommerdyke will play a key role in expanding Meridian’s platform of acquiring value-add healthcare...
  • Meridian Sells Dialysis Clinic in Palmdale, Calif. for $6.97 Million, 5.0% Cap Rate

    December 7, 2016— Meridian, a full-service real estate developer and owner of medical real estate, is pleased to announce that it has closed escrow on the sale of its 13,750-square-foot dialysis clinic in Palmdale, Calif. The purchase price was $6.97 million, representing a cap rate of 5.0%. This is the second dialysis...