June 11, 2019 Comments Off on Seniors Health Provider Lands at Meridian’s Pasadena Facility Views: 575 California News, Los Angeles

Seniors Health Provider Lands at Meridian’s Pasadena Facility

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Meridian inked a lease with WelbeHealth at the recently-renovated Cotton Medical Center, a 115,000-square-foot medical office complex located in Pasadena, CA. The tenant will occupy 14,200 square feet in the complex’s South Tower, and has applied to be a PACE provider.

Located at 50 Alessandro Place and 50 Bellefontaine Street, Cotton Medical Center sits adjacent to Huntington Memorial Hospital. The 2.8-acre medical office complex consists of a four-story, 52,000-square-foot building located on Bellefontaine Street, plus a five-story, 63,000-square-foot building and an adjacent, subterranean parking garage on Alessandro Place.

Meridian’s Heidi Duffy says, “When Meridian bought the building, it was 71% occupied, and now with WelbeHealth joining our roster of tenants, along with other tenant leasing activity, the building is 83% leased.”

Colliers International’s Erica Frey represented the tenant, a private healthcare provider who offers managed medical and social services to seniors. CBRE’s Angie Weber and Dana Nialis advised the landlord.

Connect With Meridian’s Duffy

Connect With Colliers International’s Frey

Connect With CBRE’s Weber

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