Harrison Street Asset Management (HSAM) has sold a newly constructed, build-to-suit outpatient medical office building in San Jose, Calif., to the County of Santa Clara (the County) for $340 million.
The 10-story, 230,506-square-foot medical office building was purpose-built to house a new Valley Health Center site for Santa Clara Valley Healthcare, the County of Santa Clara’s public hospital and healthcare system. The transaction provides the County with ownership of a critical outpatient facility that supports the delivery and expansion of essential healthcare services for the surrounding community, including pharmacy, diagnostics imaging, primary care, pediatrics, urgent care, OBGYN, behavioral health, and lab capabilities.
The property includes a 600-space parking structure and is part of a broader seven-acre, transit-oriented, mixed-use development with 590 residential units, creating a dense, integrated live-work environment anchored by critical healthcare infr
