Meridian Sells 175,000 SF Office Building in Contra Costa County for $31 Million
SAN RAMON, Calif. – 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 venture between Barker Pacific Group and Iron Point Partners. The sale price was $30.9 million. Meridian acquired the property in August 2017, when the building was 78% occupied. During its ownership, Meridian invested over $4.0 million in interior renovations and brought occupancy up to nearly 90%. According to Meridian’s Senior Vice
The post Meridian Sells 175,000 SF Office Building in Contra Costa County for $31 Million first appeared on PRESSRELEASE.CC.