A 187,690-square-foot medical building in Arizona was purchased by real estate developer Meridian, according to a Jan. 7 report from AZ Big Media.
El Dorado Medical Plaza sits on an 11.55-acre parcel and houses a medical office building, surgery center and hospital in Tucson, the report said. A large institutional investor was a partner in the transaction, and Meridian plans to invest additional money toward renovations.
This is the second building Meridian acquired and renovated in Arizona, the report said.
Read more details here.