Meridian, a full-service real estate developer and owner of medical real estate, has announce that the firm has closed escrow on the purchase of two parcels of vacant land totaling 1.15 acres in Watsonville, California, with the intent to develop an 11,424-square-foot outpatient ambulatory clinic.
The planned investment including land is estimated to total approximately $10 million for the ground-up development project. Construction is expected to commence in April with completion slated for January 2021.
The land is located at 58 Hanger Way and 5 Neilson Street directly adjacent to the Watsonville Community Hospital and the Watsonville Hospital ER.
