FOLSOM, CA—A 28-acre parcel is now in the hands of a new owner,Dignity Health. The land is located in Folsom Ranch CorporateCenter and was sold for an undisclosed purchase price.
This transaction kicks off the Folsom Ranch Corporate Center, a240-acre developable site for mixed-use commercial space. DignityHealth intends to build a medical office building as phase one of alonger-term plan to develop a comprehensive medical campus.Construction on the medical office building is likely to begin in2022.
"We are proud of our 40-year legacy of serving the Folsomcommunity, and as the city and surrounding area continues to grow,we are excited to announce our initial plans to grow with it," saidLaurie Harting, Greater Sacramento Division CEO for Dignity Health."This state-of-the-art medical office building will be anintegrated hub that expands access to quality care services thatare reflective of the growing needs of Folsom."
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. 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.
