Harrison Street acquires medical office property in Escondido, Calif.

Harrison Street has acquired Palomar Health Outpatient Center III, a newly developed 72,000-square-foot medical office building located on the modern campus of Palomar Medical Center Escondido (PMCE).

The expansive 56-acre PMCE campus was purpose-built to serve the growing North County San Diego region. Anchored by Palomar Medical Center, a 288-bed acute care hospital constructed in 2012, the campus also includes three class A medical office buildings that are 100 percent leased to the Palomar Health system. Following its acquisition of Palomar Health Outpatient Center III, Harrison Street will own all medical office building assets on the PMCE campus.

“We are delighted to support the healthcare mission of Palomar Medical Center and have a meaningful presence in one of the largest healthcare districts in California,” said Mark Burkemper, senior managing director and head of transactions – North America at Harrison Street. “The region’s significant population