Kaiser Buys Green Valley Land
By Amanda Janis/Business Writer
Kaiser Permanente has purchased land for future development in Fairfield's Green Valley Corporate Park, a spokesman for nation's largest HMO confirmed.
Rumors have circulated that the 9.2-acre site will host a 70,000-square-foot clinic within the next few years, though spokesman Jim Caroompas said that specific development plans and timelines have yet to be determined.
"Escrow has closed," he said. "But we don't have anything yet on paper - nothing has been presented to the board."
Often, Caroompas explained, quite a bit of time may pass between the purchase of real estate by the health care organization and the initiation of development.
"That's not unusual for us," he remarked."Land prices aren't going to get any cheaper; we're trying to be as judicious as we can, being a nonprofit. And that includes purchasing property while it's still available."
Colliers International in Fairfield brokered the sale of the land from Quadrangle Development Company, owners of the 140-acre Green Valley Corporate Park.
Brooks Pedder, managing partner of Colliers' Fairfield office, said of Kaiser's purchase, "It's great that they're expanding their presence in Fairfield. It's probably needed."
Kaiser's Vacaville campus off Vaca Valley Parkway is undergoing a major expansion, the centerpiece of which will be a 340,000-square-foot hospital set to be completed in early 2009. Plans for the hospital have been in the pipeline since the health care provider opened its Vacaville medical offices in 1996.
Amanda Janis can be reached at email@example.com.
- ► 2007 (799)
- Downtown Renewal Plan Receives Honor
- Time for Tax Measure H is Iportant to Solano's Ta...
- California's Legendary Road Stop Is Back!
- Fix the Problem - Vote Yes on H
- Vote Yes on Measure H
- Measure H Gives Us the Power to Take Charge of Our...
- Measure H Definitely Necessary
- Safeguards in Place for Spending Measure H Funds
- Unemployment Down Again in Region
- 'Yes' on H - It's About Responsibility
- Chamber Backs Measure H
- Economy and Safety are Part of Measure
- Yes on Measure H: Initiative Will Benefit Solano C...
- Marine World's Historical Impact Recognized at Lun...
- Vote Yes on Half-Cent Sales Tax
- UC Davis Rankings & Statistics
- UC Davis Gears up for Largest Freshman Class almos...
- Carousel Ride To The Past
- Nut Tree One Step Closer to Completion
- Yes on Measure H Responsible
- Where Does All The Gas Tax Money Go?
- Taxing Transportation
- UC Davis Plows Back $3 Billion
- Work Begins on Veterans Cemetery
- Measure H is a Winner All Around
- Dixon Transportation Center Unveiled
- Measure H Makes Good Cents, Good Sense
- 65,000-SQ, $22 M UC DAVIS MATHEMATICAL SCIENCES BU...
- Vacaville Shifts into Gear on Tax for Transportati...
- Measure H Advocates Make Their Case
- CAMPUS ECONOMIC IMPACT TOPS $3 BILLION ANNUALLY
- Population Still Rising
- Rio Vista Unveils Proposal
- Train Station First Stop in City's Plan for New No...
- Biz Buzz Goes Online
- Kaiser Buys Green Valley Land
- Suisun Hears Entertainment Boat Proposals
- Strong Job Growth Forecast for Solano County
- ▼ May (39)
- ► 2005 (627)
- ► 2004 (125)