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Tuesday, Mar 19, 2024
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San Francisco Developer Acquires Palmdale Office Space

Meridian Property Company, a San Francisco-based developer and investor of medical office buildings, announced it has purchased a vacant Palmdale business complex and over three acres of entitled land from General Electric Capital Corp. The firm plans to convert the 34,300-square-foot space, Challenger Business Park, into a medical office building, under the new name Sierra Pelona Medical Center. Located slightly east of the Palmdale Regional Medical Center, company officials said the project will be in close proximity to a wide range of medical providers “We have seen a dramatic shift in physicians relocating from Lancaster to Palmdale to be closer to the Palmdale Regional Medical Center and this project will provide the marketplace and Meridian the inventory to meet the physician demand,” said Meridian’s Chief Operating Officer John Pollock, in a prepared statement.

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