King Asset, the owners of the 2.65-acre site, began negotiations with Kaiser Permanente last year and changed the intended office use for the building to a medical setting. The developers, Dewet Land Company and CKAM started construction on the project last year.
The Serramonte Corporate Center is a 160,000-sf property, which will be completed by next year. It is located at 395 Hickey Blvd. in Daly City. Kaiser will use the center, which includes a fitness center and a parking garage, as a medical office building.
John Barsocchini and Bob Baumann of BT Commercial Real Estate represented King Asset, while Kaiser was represented in house.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 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.
