Meridian healthcare saleMeridian sold several of its newly constructed dialysis clinicsincluding one in Modesto.

SAN RAMON, CA—Meridian sold several of its newly constructeddialysis clinics located in Modesto, Castro Valley and Stockton.The purchase price for the new construction 11,250-square-footoutpatient dialysis clinic in Modesto represented a cap rate of5.1%.

The outpatient clinic is located at 1328 Coffee Rd., just downthe street from Sutter's Memorial Medical Center and less than ablock away from a variety of neighborhood amenities. In April 2018,Meridian acquired an in-fill 39,204-square-foot vacant parcel tobuild the Modesto dialysis clinic and completed the development inMay 2019.

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Lisa Brown

Lisa Brown is an editor for the south and west regions of She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.