PALMDALE, CA – Colliers International, the third largest global real estate services organization, has completed the sale of a 58,920-square-feet medical office property, Challenger Medical Plaza (top left photo), located at S. 5th Street and Palmdale Blvd., Palmdale, Calif. The transaction value remains confidential.
Fred Córdova, Senior Vice President/CART Western Regional Director, based in Colliers Downtown Los Angeles office, Brent Weirick, Senior Vice President, in Colliers Encino office, John Erickson, Senior Vice President, and Zeke Patterson, Associate Vice President, both based in Colliers’ Valencia office, Ryan Eddy, Associate, in Colliers’ Downtown Los Angeles office, and Ryan Parker, Associate, in Colliers’ Encino office along with Brian Corrigan of Voit Real Estate Services represented the Seller.
The Buyer is Meridian Sierra Pelona, LLC.
“We have seen a dramatic shift in physicians relocating from Lancaster to Palmdale to be closer to the Palmdale Regional Medical Center (middle right photo) and this project will provide the marketplace and Meridian the inventory to meet the physician demand,” said Meridian’s Chief Operating Officer John Pollock.
Built in 2008, the Challenger Medical Plaza consists of seven buildings with one floor, and a total land area equaling 10.58 acres. It currently has 11.4 % occupancy rate.
“Challenger Medical Plaza is a terrific repositioning opportunity to create a unique medical plaza less than half a mile from the new Palmdale Regional Medical Center that was also built in 2008,” said Cordova.
Contact:
Angela S. Hwang
Regional Marketing Coordinator | Greater Los Angeles
Dir +1 213 532 3258 | Mob +1 310 867 4105
Main +1 213 627 1214 | Fax +1 213 327 3258
Colliers International
865 S Figueroa St., Suite 3500 | Los Angeles, CA 90017 | USA
1 comment:
This is good to know, I have been looking for office properties recently.
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