Healthcare Realty Trust Buys California MOB

Healthcare Realty Trust grabs a 98 percent leased medical office building from Berkeley Land Co, in a Colliers-brokered sale.

39141CivicCenter2191Phoenix–Colliers International in Greater Phoenix has completed the sale of Civic Center Place in Fremont, Calif,. for $39.25 million at $354.63 per square foot. Built in 1999, the property located at 39141 Civic Center Drive is a four-story, 110,679-square-foot medical office building built on 3.93 acres in Fremont. The property was 98 per leased at the time of the sale. Tenants are comprised primarily of large healthcare-related organizations, along with a number of other local and nationally recognized companies.

Healthcare Realty Trust of Nashville, Tenn., purchased the property from Berkeley Land Co., a real estate firm in Danville, Calif. Colliers Muirhead-Guglielmino-Gonzelez Investment Team, were the brokers for the transaction and led by Marcus Murhead, associate vice president, Greg Guglielmino, senior associate, and Steve Gonzalez, senior vice president. Civic Center Place is located adjacent to Washington Township Hospital Campus and Kaiser Permanente Fremont Medical Center.