{"id":1004030552,"date":"2011-06-28T06:34:54","date_gmt":"2011-06-28T14:34:54","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004030552"},"modified":"2022-12-08T01:10:23","modified_gmt":"2022-12-08T09:10:23","slug":"investcorp-acquires-broadway-webster-medical-plaza","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/investcorp-acquires-broadway-webster-medical-plaza\/","title":{"rendered":"Investcorp Acquires Medical Complex"},"content":{"rendered":"<p>June 28, 2011<br \/>\nBy Allison Landa, News Editor<\/p>\n<div id=\"attachment_1004030553\" style=\"width: 310px\" class=\"wp-caption alignright\"><a class=\"highslide\" href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/06\/damianpenney.jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004030553\" data-attachment-id=\"1004030553\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/investcorp-acquires-broadway-webster-medical-plaza\/damianpenney\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/06\/damianpenney.jpg\" data-orig-size=\"500,281\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"damianpenney\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Courtesy Flickr Creative Commons user damianpenney&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/06\/damianpenney.jpg?w=500\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/06\/damianpenney.jpg\" alt=\"\" title=\"damianpenney\" width=\"300\" height=\"168\" class=\"size-medium wp-image-1004030553\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/06\/damianpenney.jpg 500w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2011\/06\/damianpenney.jpg?resize=300,169 300w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004030553\" class=\"wp-caption-text\">Courtesy Flickr Creative Commons user damianpenney<\/p><\/div>\n<p>Investcorp Real Estate has expanded its Bay Area holdings via the acquisition of Broadway-Webster Medical Plaza, a 98,600-square-foot medical office complex in Oakland, Calif.<\/p>\n<p>The facility houses offices of various medical and dental specialists and was sold by affiliates of ScanlanKemperBard. ScanlanKemperBard will retain an ownership interest as well. Located in the East Bay submarket known as Pill Hill, the medical plaza has close access to Sutter Alta Bates Summit Medical Center and Kaiser Permanente Hospital.<\/p>\n<p>The total value of the sale was $30 million. As part of the transaction, the new venture will put into action a year-long plan to upgrade the facility, including seismic retrofitting, fire-life safety improvements and exterior fa\u00e7ade improvements.<\/p>\n<p>According to Investcorp principal Brian Kelley, Broadway-Webster is a major addition to the firm\u2019s slate of recent acquisitions which include not only medical offices but hospitality, office and retail properties.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Investcorp Real Estate has expanded its San Francisco Bay Area holdings via the purchase of the 98,000-square-foot Broadway-Webster Medical Plaza in Oakland.<\/p>\n","protected":false},"author":936,"featured_media":1004030553,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21808,21783,21742,21747,15],"tags":[],"class_list":["post-1004030552","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-featured","category-investment","category-latest","category-office","category-west"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - 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