Medical Archives

Mainstreet Health starts construction on post-acute property

by in AZRE Magazine | Construction | Medical

Construction on Phoenix’s latest post-acute development is now underway. Mainstreet and Mainstreet Health, the operating company of Mainstreet, broke ground in mid-February. This will be the first project Mainstreet Health will operate for Mainstreet. The property, located at 3000 N. 91st Ave. in Phoenix, boasts 94 private beds, 67,697 square feet and will provide post-acute care (short-stay rehabilitation… Read More →

ORION closes medical office for $3.2M

medical office
by in AZRE Magazine | Medical

ORION Investment Real Estate is proud to announce the sale of the Parkwood Professional Plaza for $3,200,000 ($43.53/SF). This 73,514 square-foot, four-story, medical office building is situated at the intersection of 19th Avenue and Missouri Avenue, next to the new park-and-ride lot for the Valley Metro Light Rail system. The property was 40 percent occupied… Read More →

LGE Design Build completes 20K SF medical offices

LGE Design Build
by in AZRE Magazine | Medical

LGE Design Build has completed a 20,500-square-foot medical office building in Anthem for Wood Orthodontics and Sheppard Pediatric Dentistry. The new horseshoe-shaped building, at 41930 N. Venture Dr., includes a water feature in the courtyard. A bubble wall that blows real bubbles for patients separates the offices for Wood Orthodontics and Sheppard Pediatric Dentistry. The building has visible… Read More →

UA’s Phoenix biomedical building hits milestone

Phoenix biomedical
by in AZRE Magazine | Medical

A construction milestone was celebrated Thursday, at the new Biomedical Sciences Partnership Building, as the final beam was placed atop the 10-story building in downtown Phoenix. Located on the University of Arizona College of Medicine – Phoenix campus at 475 N. Fifth St., the 245,000 square-foot research building will be a hub for healthcare and… Read More →

Middlefork Commercial sells medical building for $1.25M

by in AZRE Magazine | Medical

Middlefork Commercial recently facilitated the $1.25 million sale of a medical office building at 808 Ainsworth Dr. in Prescott. The two-tenant medical building was purchased by Van DE Mortel Trust from 808 Ainsworth, LLC. Sean Bishop, CCIM of MIddlefork Commercial represented the seller in the transaction. The building was fully occupied at the time of the… Read More →

2015 medical office vacancy lowest since 2008

medical office vacancy
by in AZRE Magazine | Medical

The Greater Phoenix medical office market strengthened in 2015, particularly in the second half of the year, according to Colliers International‘s fourth quarter 2015 medical office market report. Vacancy ended the year below 17 percent, the lowest figure since mid-2008. Local vacancy is expected to continue this gradual pace of improvement, even as a few new… Read More →

Irgens completes Harbor Vista Medical Center development

Harbor Vista Medical Center
by in AZRE Magazine | Medical

Irgens announced development completion of shell and core construction for Harbor Vista Medical Commons, the new Cigna Medical Group Sun City Multi-Specialty Center at 9069 W. Thunderbird Ave. The 60,000-square-foot, build-to-suit facility will offer health care delivery services to Cigna Medical Group patients. Scheduled to open for patients in October, project development is meeting Cigna’s… Read More →

Phoenix Kindred Transitional Care Center completed

Kindred Transitional Care Center
by in AZRE Magazine | Construction | Medical

The Weitz Company completed the newest Kindred Transitional Care Center located near 19th and Van Buren Streets, making it Kindred’s third transitional center in the Valley. Built near downtown Phoenix at1880 E. Van Buren Street, Kindred is a 120 bed post-acute care facility focused on patient rehabilitation. The facility is a new 3-story, 81,000 square foot structure… Read More →

Scottsdale medical plaza sells for $1.5M

Scottsdale Medical Plaza
by in AZRE Magazine | Brokerage | Medical

Scottsdale office and medical complex, Plaza Leyenda, sold for $1,523,000 to Utah-based MD Consultants. Capital Asset Management represented MD Consultants, and Deleware-based FNBN-CMLCON I LLC sold the property located near Frank Lloyd Wright and Shea Boulevards. Plaza Leyenda offers easy access to the Loop 101 and is within minutes of the Mayo Clinic and Scottsdale… Read More →

Colliers completes Thunderbird Wellness Centre sale

by in AZRE Magazine | Brokerage | Medical | New to Market

Colliers International in Greater Phoenix recently completed the sale of the Class A, 56,413-square-foot Thunderbird Wellness Centre in Peoria, Arizona. The institutional-quality medical and wellness complex was 88-percent occupied at the time of the sale. MedProperties in Northbrook, Illinois purchased the center, located at 6750-6790 W. Thunderbird Rd., from Second City Real Estate in Vancouver,… Read More →

Colliers assists Veterans Affairs with health center lease

Colliers International in Greater Phoenix recently assisted the U.S. Department of Veterans Affairs in securing a long-term office lease in the 80,814-square foot Estrella Health Center in Phoenix. The Phoenix VA leased the 4th floor of the building, located at 9250 W. Thomas Road, from Legend Real Estate Management with corporate offices in Los Angeles.… Read More →

NAIOP members’ office and industrial projects

Project profile criteria per NAIOP: Property must be owned or have non-refundable earnest money in escrow by 8/1/15. Property must have a color site plan and color rendering completed. Property must have proper zoning in place. Property must be bigger than 100,000 square feet Amkor Headquarters  Developer: Ryan Companies US, Inc. General Contractor: Ryan Companies… Read More →

LGE Design Build completes Desert Shores Pediatrics

LGE Design Build recently completed construction of the 9,566-square-foot Desert Shores Pediatrics in Gilbert. The single-story doctor’s office is located on 1.15 acres at 6285 S. Higley Road. The facility includes a central nurse’s station with workstations for doctors in addition to more than 20 exam rooms. “We moved a block from our former location… Read More →

Marcus & Millichap sell three properties totaling $10.75M

Ventana Medical Systems Inc. Marcus & Millichap announced the sale of Ventana Medical Systems Inc., a 60,000-square foot net-leased property located in Marana, AZ, according to Don Morrow, regional manager of the firm’s Phoenix office. The asset sold for $8,600,000. Mark Ruble and Jamie Medress, investment specialists in Marcus & Millichap’s Phoenix office, had the… Read More →