SAN JOSE — The operator of a Bay Space senior actions heart, in what seems to mark an area enlargement, has purchased a San Jose workplace constructing close to a practice cease.
On Lok Senior Well being Companies has purchased an workplace and analysis constructing at 151 Martinvale Lane in South San Jose, in accordance with paperwork filed on April 3 with the Santa Clara County Recorder’s Workplace.
The senior actions heart operator paid $7.7 million for the workplace constructing, the county paperwork present.
On Lok Senior Well being acquired the constructing by means of an all-cash deal, in accordance with actual property data.
CBRE brokers Nick Whitstone and Andrew Trillo helped to rearrange the property buy, the industrial actual property agency stated.
On Lok Senior Well being Companies didn't instantly reply to a request for remark relating to the transaction.
It wasn’t instantly recognized how On Lok would make the most of the property the group has simply purchased.
The Martinvale Lane constructing gives open flooring plans in addition to a mixture of personal places of work and convention areas. The constructing is a one-story construction.
The San Jose constructing is a couple of mile away from the Santa Teresa mild rail practice station.
On Lok Senior Well being at current operates a senior providers heart at 225 thirtieth Avenue in San Francisco.
“Seniors have been coming to On Lok thirtieth Avenue Senior Middle for years to have lunch, nurture their creativity, train, volunteer, and socialize,” in accordance with a publish on the group’s webpage.
The group additionally supplies some well being care providers by means of its PACE Healthcare program, the web site states.
“Well being plan, healthcare supplier, and long-term providers are all included” within the PACE program, in accordance with On Lok.