
Meridian Acquires Laguna Hills MOB
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San Ramon, CA-based Meridian purchased The Laguna, a 57,057-square-foot medical office building in Laguna Hills, CA. Located at 24022 Calle de la Plata on a .75-acre parcel, the building is on the campus of and adjacent to Saddleback Memorial Hospital.
Meridian’s John Pollock says, “This acquisition presented us with a rare opportunity to purchase a medical office asset located on-campus to one of the premier hospitals in Orange County.”
The five-story medical office building is slated to receive $24 million in renovations to fully modernize the building that was built in 1983. At the time of sale, The Laguna was 74% occupied.
Colliers International’s John Wadsworth and Aaron Phillips represented the unnamed private seller, while the buyer was self-represented.
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- ◦Sale/Acquisition