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

Blue-Shield-CA-Office-Campus-Monterey-Park-CA

Blue Shield of California’s Promise Health Plan occupies the 120,191-square-foot office campus in Monterey Park, Calif.

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.

Content Partners
‣ Arbor Realty Trust
‣ Bohler
‣ Lee & Associates
‣ Lument
‣ NAI Global
‣ Northmarq
‣ Walker & Dunlop

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