Meridian delivers complicated project in just six months
SAN RAMON, Calif. – (RealEstateRama) — Meridian, a full-service real estate developer and owner of medical office real estate, is pleased to announce that it has completed ground-up construction of a 10,000-square-foot single-tenant medical office building located in Alameda County at 20359 Lake Chabot Road in Castro Valley, California. The building is situated on the main arterial road leading to Sutter Health’s Eden Medical Center Campus, one block from the hospital, in the valley’s medical corridor.
With a development budget of $5.1 million, which includes acquisition cost, Meridian built the ground-up Type V wood/stucco building shell as a requirement for its client. The tenant plans to operate an outpatient dialysis clinic, delivering dialysis services and education to patients with chronic kidney failure and end-stage renal disease. The tenant improvements are expected to take six months.
A division of Marcus & Millichap Company, San Ramon, California-based Meridian is a full-service real estate developer of innovative and integrated commercial office and medical office, since its inception in 2000. Meridian’s services are broad in scope but meticulous in detail — from site evaluation and land acquisition to entitlement and planning to construction and management. For more information, see mpcca.com.
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