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OAKLAND, CALIF. – Meridian has purchased a 19,202-square-foot medical office building in Oakland for an undisclosed sum. The building is located at 380 W. MacArthur Blvd. Meridian plans to invest about $2.2 million into the building. This is the firm’s first value-add medical office acquisition in the Oakland area. It is Meridian’s first speculative purchase this year. The seller was BIC Oakland.