Ensemble Real Estate Solutions closed out 2Q 2013 with 59 medical office transactions totaling more than $18.9M in total lease value, representing a 38% increase in total leasing activity when compared to Ensemble’s 2012 second quarter.
With a little more than 200,000 SF in closed deals, some of the notable transactions include:
>> An 11,000 SF renewal for Obstetrix Medical Group of North America, PLLC at Rosenberg Children’s Medical Plaza on the campus of Phoenix Children’s Hospital.
>> A new 7,400 SF lease for Orthopedic Specialists of North America at Deer Valley Medical Office Building II on the campus of John C. Lincoln Deer Valley
“Despite the economic challenges of the past few years, we are seeing signs of an uptick in activity, both in terms of new space inquiries and existing tenants asking to renew their leases,” said Bill Molloy, Managing Director and CEO of Ensemble Real Estate Solutions. “The entire team is feeling positive about the outlook for 2013 and 2014.”
Moving into the second half of 2013, the company plans to begin construction on Surprise Medical Plaza Phase II. This project follows Ensemble’s first development, Surprise Medical Plaza I, on THE CITY master planned campus in the heart of Surprise, Arizona. The first phase of the project was completed in 2012 and is currently 80% leased.