{"id":1004129060,"date":"2015-10-13T11:12:40","date_gmt":"2015-10-13T19:12:40","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004129060"},"modified":"2022-03-09T07:15:42","modified_gmt":"2022-03-09T15:15:42","slug":"meridians-rx-for-medical-office-building-renovation","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/meridians-rx-for-medical-office-building-renovation\/","title":{"rendered":"Meridian&#8217;s Rx for Medical Office Building: Renovation"},"content":{"rendered":"<p><em>By Alex Girda, Associate Editor<\/em><\/p>\n<p>With the acquisition of a 19,202-square-foot medical office building located at 380 W. MacArthur Blvd. in Oakland, <a href=\"https:\/\/www.mpcca.com\/\" rel=\"nofollow noopener\" target=\"_blank\">Meridian<\/a> has expanded its portfolio to 1.3 million square feet. The company purchased the asset from BIC Oakland for an undisclosed amount in an off-market transaction.<\/p>\n<div id=\"attachment_1004129061\" style=\"width: 310px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/10\/380-W.-MacArthur-Blvd..jpg\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-1004129061\" data-attachment-id=\"1004129061\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/meridians-rx-for-medical-office-building-renovation\/380-w-macarthur-blvd\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/10\/380-W.-MacArthur-Blvd..jpg\" data-orig-size=\"1601,689\" 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;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"380 W. MacArthur Blvd.\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;380 W. MacArthur Blvd.&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/10\/380-W.-MacArthur-Blvd..jpg?w=1024\" class=\"size-medium wp-image-1004129061\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/10\/380-W.-MacArthur-Blvd..jpg\" alt=\"380 W. MacArthur Blvd.\" width=\"300\" height=\"129\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/10\/380-W.-MacArthur-Blvd..jpg 1601w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/10\/380-W.-MacArthur-Blvd..jpg?resize=300,129 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/10\/380-W.-MacArthur-Blvd..jpg?resize=768,331 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/10\/380-W.-MacArthur-Blvd..jpg?resize=1024,441 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/10\/380-W.-MacArthur-Blvd..jpg?resize=1536,661 1536w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><p id=\"caption-attachment-1004129061\" class=\"wp-caption-text\">380 W. MacArthur Blvd.<\/p><\/div>\n<p>The two-story medical office building occupies a one-acre lot near Kaiser Permanente Oakland Medical Center as well as Sutter Health\u2019s Alta Bates Summit Medical Center. Meridian plans a $2.2 million upgrade that will renovate the 38-year-old property\u2019s fa\u00e7ade, bring in new utilities and water lines, and add a new lobby and elevator. Joseph Crist and John Moutsanas of the buyer\u2019s acquisition team hinted that should all permits and approvals go through, the process will begin this fall.<\/p>\n<p>\u201cThe market for this size of contiguous freestanding space, with this kind of parking, is non-existent in Oakland,\u201d Sonny O\u2019Drobinak of <a href=\"https:\/\/www.transwestern.net\/Pages\/default.aspx\" rel=\"nofollow noopener\" target=\"_blank\">Transwestern<\/a> pointed out in a statement. Transwestern is the exclusive leasing agent for the property.<\/p>\n<p>In a year during which Meridian has closed acquisitions for several other Bay Area properties, such as The Atrium at 5776 Stoneridge Mall in Pleasanton and 2920 Telegraph Avenue in Berkeley, the company has also completed its first value-add medical office acquisition in the Oakland market. So far this year, Meridian has invested $18 million in Northern California.<\/p>\n<p>Image courtesy of <em>Google Streetview <\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Full service development company Meridian recently closed escrow on a medical office building in Alameda County.<\/p>\n","protected":false},"author":41,"featured_media":1004129061,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21754,21747,1609],"tags":[],"class_list":["post-1004129060","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-medical-office","category-office","category-san-francisco"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Meridian&#039;s Rx for Medical Office Building: Renovation - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/meridians-rx-for-medical-office-building-renovation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Meridian&#039;s Rx for Medical Office Building: Renovation\" \/>\n<meta property=\"og:description\" content=\"Full service development company Meridian recently closed escrow on a medical office building in Alameda County.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/meridians-rx-for-medical-office-building-renovation\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-10-13T19:12:40+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-09T15:15:42+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2015\/10\/380-W.-MacArthur-Blvd..jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1601\" \/>\n\t<meta property=\"og:image:height\" content=\"689\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Alex Girda\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/meridians-rx-for-medical-office-building-renovation\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/meridians-rx-for-medical-office-building-renovation\\\/\"},\"author\":{\"name\":\"Alex Girda\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/540f0253de89dedaae7684239611b81c\"},\"headline\":\"Meridian&#8217;s Rx for Medical Office Building: Renovation\",\"datePublished\":\"2015-10-13T19:12:40+00:00\",\"dateModified\":\"2022-03-09T15:15:42+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/meridians-rx-for-medical-office-building-renovation\\\/\"},\"wordCount\":241,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/meridians-rx-for-medical-office-building-renovation\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/10\\\/380-W.-MacArthur-Blvd..jpg\",\"articleSection\":[\"Medical Office\",\"Office\",\"San Francisco\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/meridians-rx-for-medical-office-building-renovation\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/meridians-rx-for-medical-office-building-renovation\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/meridians-rx-for-medical-office-building-renovation\\\/\",\"name\":\"Meridian's Rx for Medical Office Building: Renovation - 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