DALY CITY, CA—CBRE has arranged the disposition of 901 Campus Drive in Daly City, on behalf of Serramonte Ridge Medical Center Enterprises. Swift Realty Partners purchased for an undisclosed price. This transaction represents the second medical office building CBRE has sold, and assisted with financing, to Swift Realty Partners in 2014. In May of this year, CBRE sold The Foster City Medical Pavilion to the same buyer.

CBRE’s Seth McKinnon, Bruce Paris and Simon Clark worked with Chris Bodnar of CBRE’s national healthcare capital markets group to complete the sale, while Michael Walker and James Korinek of CBRE’s debt and structured finance team assisted with financing. The 75,559 square-foot building was listed in the fourth quarter of 2012 and was 95% occupied at the time of sale. Despite a high level of interest, the transaction took some time to finalize.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.