Meridian, a full-service real estate developer and owner of medical real estate, is pleased to announce that the firm has retained Cypress West Realty Management of Rancho Santa Margarita, Calif., to manage Meridian’s 115,000-square-foot medical office complex in Pasadena, California. CEO John Pollock, categorizes the new partnership as “a strategic move forward.” He continues, “Having completed the extensive renovation of Cotton Medical Center, we now want to focus on providing our tenants and the community best-in-class management services.” Meridian purchased Cotton Medical Center in January 2016 for $37.5 million.

Cotton Medical Center is located near the Huntington Memorial Hospital, one of Southern California’s strongest hospital providers, and adjacent to the new Shriners Hospitals for Children opening in June. The 2.8-acre Cotton Medical Center office complex consists of a four-story, 52,000-square-foot building at 50 Bellefontaine Street, plus a five-story, 63,000-square-foot building and an adjacent subterranean parking garage on 50 Alessandro Place in Pasadena.

Meridian’s $5 million investment in both the common areas and tenant improvements has been welcomed with enthusiasm from the tenants and the surrounding hospital campuses. With Meridian’s completion of the majority of the capital improvements, the common areas, restrooms, arrival experience and building signage have been greatly enhanced. Cotton Medical Center will also have a new café opening this summer along with a brand-new HVAC. The grounds have been augmented with new landscaping and outdoor furniture. 

“We are looking forward to working with Meridian to manage Cotton Medical Center,” said Jeff Johnson, CPM®, a partner at Cypress West. “Meridian has done an outstanding job upgrading the building and we are confident that our expertise in medical property management will make our partnership successful and a benefit to the building and its tenants.” 

Pollock added, “We didn’t have to look far when selecting our new property management company. Cypress West understands the demands of healthcare real estate and makes attention to detail and tenant satisfaction their top priority. We are excited to partner with such an experienced and hard-working group of professionals.” 

Cypress West will take over management of the property effective June 1, 2017. 

For more information, see mpcca.com.