Tag Archives: CVS

The Shops at Eagle Pointe

Sand Capital acquires 35 properties

Sand Capital, a privately-held real estate investment company controlled by the principals of Sandor Development Company, has acquired 35 properties in the last month, with a pending large power center acquisition underway. Sand Capital is the financial arm and sister company to Sandor Development Company, which was founded in 1963 in Indianapolis, Indiana by Sidney Eskenazi. Today, Sandor owns and manages more than 8MSF of shopping centers in 25 states throughout the United States. Once acquired, Sand Capital assets are managed and leased by Sandor.

Last month, Sand Capital acquired multiple CVS stores in Arizona, Iowa, Illinois, Louisiana, Michigan, Mississippi, North Carolina (a new state to the portfolio), Nevada, Ohio, Oklahoma, Texas and Virginia. It also acquired four strip centers in Georgia, one in Tennessee and one in Texas. Three more centers are scheduled to close in August – one in Arizona, one in Illinois, and one in Ohio.

Cave Creek CVS sells for $6.75M

Cassidy Turley reports that Mountain Villas, LLC, has purchased the 13,813 square foot CVS Pharmacy located at 28138 N. Tatum Blvd. in Cave Creek, AZ (85331) for $6.75 million.

Michael Campbell and Ed Colson Jr., CCIM,of Cassidy Turley’s San Diego office represented Mountain Villas LLC. John Wertz of Colliers International represented the seller, Charles W. Hostler Trust.

“We worked tirelessly with our client to satisfy his 1031 exchange and accomplish his investment goals.  We looked at a wide variety of potential deals,including those with credit and non-credit tenants, as well as a variety of geographies and product types.” said Mr. Colson.  “At the end of the day we were able to narrow  the search to a property that fits our client’s risk threshold. With this acquisition, he can also drive to see his new investment anytime.”

The free-standing CVS Pharmacy building, with drive-thru, is ideally located at the signalized intersection of N. Tatum Blvd and E Dynamite Blvd,  CVS has been successfully operating at the site since it was built in 2005 under a long-term triple net (NNN) lease.

Phoenix Children’s Hospital - Pediatric Liver Transplant Program

PCH gets $5K CVS Community Grant

Phoenix Children’s Hospital has received a $5,000 CVS Caremark Community Grant. The Community Grants Program was created by CVS Caremark as part of its commitment to helping people on the path to better health by creating greater access to health care and health education for at-risk and underserved populations.

The support from CVS Caremark will help Phoenix Children’s Hospital provide nutrition education to at-risk children and families that will help fight obesity and encourage healthier eating and lifestyles. Through nutrition education, the Hospital works to prevent children from becoming patients and suffering from the results of unhealthy lifestyles and the health-related consequences of obesity.

The Cardiometabolic Risk Assessment, Research, and Education (CARE) Program at Phoenix Children’s is Arizona’s only multidisciplinary program committed to preventing and medically managing premature, obesity-related health problems in children. Through the CARE Clinic, children and adolescents receive comprehensive, multidisciplinary evaluation and medical management for premature cardiovascular disease, Type 2 Diabetes, or other obesity-related medical conditions. To improve patient outcomes, CARE conducts research and projects to advance prevention, diagnosis and medical treatment of obesity-related disease among children.

“The incidence in obesity has tripled since 1980. Unfortunately, Arizona has experienced the largest state-wide increase within the last ten years at 45 percent,” said Dr. Donald McClellan, Division Chief of Endocrinology at Phoenix Children’s. “Obese children are more likely to grow up to be obese adults, which can lead to lifelong health problems. The CVS Caremark grant will greatly impact our ability to reach these families and make a tremendous difference in their health and lives.”

The program also provides medical management and follow up services that are used to evaluate the program’s success, including Body Mass Index measurements, blood pressure, and other risk factors for chronic disease.

Phoenix Children’s was selected to receive a grant through the CVS Caremark Community Grants 2013 application process.  Grants were awarded to organizations that support CVS Caremark’s commitment to enhance the health and well-being for at-risk and underserved populations by offering quality health and rehabilitation services and health education. The goal of the CVS Caremark Community Grants Program is to provide relief for both adults and children who lack medical insurance and help ensure they receive the proper medical care they need.

“As a pharmacy innovation company, we are committed to helping people on their path to better health and supporting organizations that reduce barriers and increase access to quality health care services to at-risk and underserved populations,” said Hanley Wheeler, senior vice president, WEST operations. “We are proud to support the work that Phoenix Children’s Hospital does in the community and we look forward to working with them in fulfilling their program’s mission.”

Sun Health

Dignity names new West Valley hospital

Dignity Health announced that “St. Joseph’s Westgate Medical Center” will be the name of its new West Valley hospital during an official groundbreaking at the planned 35-acre medical campus near the Loop 101 and Glendale Avenue.

The $44 million Dignity Health facility is scheduled to open in early 2014 and will provide West Valley residents with a new alternative to receive high quality healthcare services. Dignity Health already operates three hospitals in the Valley including St. Joseph’s Hospital and Medical Center, which is home of the Barrow Neurological Institute in central Phoenix, and Chandler Regional and Mercy Gilbert Medical Centers. Dignity Health was previously known as Catholic Healthcare West.

When the new facility opens, the first phase will contain a 60,000 square-foot hospital that will include an emergency room, 24 inpatient beds, two operating rooms and diagnostic services. For the most complex medical cases, patients will benefit from the clinical integration with St. Joseph’s in central Phoenix. Established in 1895, St. Joseph’s today is nationally recognized for its specialty care and its expertise in treating the most complex medical cases.

“St. Joseph’s Westgate Medical Center was selected as the name of the medical campus because it builds on more than a century of healthcare in the Valley and people recognize St. Joseph’s as a beacon of quality care,” says Linda Hunt, Dignity Health Arizona President and CEO. “We intend to deliver that same excellence to the residents of the West Valley.”

The hospital will initially employ 200 staff and will have the capacity to expand to 200 inpatient beds as demand grows. The 35-acre medical campus will house community physicians and outpatient partners, giving patients one location for their healthcare needs.

“St. Joseph’s Westgate Medical Center will be a vibrant medical campus right in the heart of the West Valley,” says Gregg Davis, President of St. Joseph’s Westgate Medical Center. “The campus is designed to be a model for the nation’s changing healthcare environment and will change as medicine and the community evolve.”

The campus will serve as a collaborative venture in partnership with physicians in the West Valley to enhance and better manage the delivery of healthcare to patients in the area.

“This is a great project for the City of Glendale as the Loop 101 corridor near Glendale’s Sports and Entertainment District is one of the city’s key economic focus areas,” says Glendale Mayor Jerry Weiers. “The new hospital will not only expand development west of the freeway, it will also attract other healthcare-related businesses and jobs to the area.”

While this is the first Dignity Health hospital in the West Valley, the organization began to lay the business foundation of its launch several years ago. Today, Dignity Health operates a family practice clinic and an orthopedic clinic in Peoria, imaging centers throughout the area, an outpatient surgery center and a partnership with the Minute Clinics located in the CVS pharmacies in Glendale and Goodyear.