BH Properties Buys 120,191 SF Blue Shield Office Campus in Monterey Park, California

MONTEREY PARK, CALIF. — BH Properties has acquired a 120,191-square-foot suburban commercial office campus in Monterey Park from Blue Shield of California in a $15 million sale/leaseback transaction.

Andrew Harper, Will Poulsen, Matt McRoskey and Owen Muller of JLL marketed the property on behalf of Blue Shield.

Situated on 7.9 acres, the asset features a 91,363-square-foot building and a 28,828-square-foot property, both of which serve as the headquarters of Blue Shield’s Promise Health Plan, a managed care organization. Blue Shield will continue to occupy the asset through July 2023.