PALMDALE, CA-San Francisco-based Meridian Property Company, aninvestor and developer of medical office buildings, has acquired avacant business complex and more than three acres of land inPalmdale. General Electric Capital Corp. was the seller of thePalmdale property.

Meridian Property has plans to change the 34,300-square-footChallenger Business Park property to a medical office building. Thefirm will rename the property as Sierra Pelona Medical Center. Theproperty is situated on the east side of the Palmdale RegionalMedical Center. For the full story, go to San Fernando Valley Business Journal.


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