The buyer, a Fremont-based family office, completed the purchase through a 1031 exchange. The asset is located in Oakland. : Meridian has sold one of its medical office developments in Oakland, Calif., in a transaction that closed at $15.7 million. The 1031 exchange marks the company’s fifth transaction this year and follows an earlier $39.5 million sale of an office building in Brisbane, Calif. Cushman & Wakefield Executive Director Chris Sheldon represented Meridian in the deal while The Kase Group worked on behalf of the buyer, a Fremont-based family office looking for access to the California healthcare market.