(Save the dates: RealShare Medical Office Buildingscomes to the Four Seasons in Scottsdale, AZ,November 7 -8, and RealShare Industrial 2012 comesto The Banker's Club, Miami, December 5 -6.)
CONCORD, CA-Harvest Properties has purchased a152,000-square-foot office,R&D and industrial facilityhere from Siemens with the intention to overhauland expand the property for new tenant Fresenius MedicalCare North America, a major provider of dialysis productsand services. While terms of the deal were undisclosed, andGlobeSt.com was unable to reach Harvest before deadline to discussthe sale price, industry sources unrelated to the transactionreport that the list price was $17 million and that Bank ofAmerica had lent $22.2 million to Harvest for thepurchase.
Owned and occupied by Siemens Medical Solutionssince its initial construction in 1989, the building was purchasedby Harvest on August 15. Situated on 12.55 acres and locateddirectly off Highway 4 at 4040 Nelson Ave. in north Concord, theproperty is currently composted of a two-storyR&D/manufacturing building with top-flooroffice space, and a concrete structure.
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Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
