(Save the dates: RealShare Medical Office Buildings comes to the Four Seasons in Scottsdale, AZ, November 7 -8, and RealShare Industrial 2012 comes to The Banker's Club, Miami, December 5 - 6.)
CONCORD, CA-Harvest Properties has purchased a 152,000-square-foot office, R&D and industrial facility here from Siemens with the intention to overhaul and expand the property for new tenant Fresenius Medical Care North America, a major provider of dialysis products and services. While terms of the deal were undisclosed, and GlobeSt.com was unable to reach Harvest before deadline to discuss the sale price, industry sources unrelated to the transaction report that the list price was $17 million and that Bank of America had lent $22.2 million to Harvest for the purchase.
Owned and occupied by Siemens Medical Solutions since its initial construction in 1989, the building was purchased by Harvest on August 15. Situated on 12.55 acres and located directly off Highway 4 at 4040 Nelson Ave. in north Concord, the property is currently composted of a two-story R&D/manufacturing building with top-floor office 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.
