Tag Archives: Kate Morris

PMHC West, Courtesy of CBRE

ConnectionsAZ leases 36KSF at Phoenix Memorial Center

CBRE has negotiated a long-term, 36KSF lease at Phoenix Memorial Center. ConnectionsAZ, a physician-led company that specializes in providing emergency/crisis psychiatric services, has leased the space and will operate a patient intake center from the location.

Kate Morris and Vince Femiano with CBRE’s Phoenix office represented the landlord, Memorial Key, LLC of Gilbert, Arizona. The tenant was represented by Kevin Lange with Keyser.

“Memorial Key and I really enjoyed working with ConnectionsAZ and Kevin Lange to create a new, efficient long-term home for their much-needed services,” said CBRE’s Morris. “With the MIHS urgent care already in the building, its convenient access to major highways and proximity to downtown and major hospitals, Phoenix Memorial Center really was the ideal location for this tenant.”

Connections AZ is one of the largest intake centers that specializes in mental health in the Valley. This new center will expand the company’s physical footprint by nearly three times, which will allow them to significantly increase the number of patients they are able to serve.

Phoenix Memorial Center is the former Phoenix Memorial Hospital, located at 1201 S. 7th Avenue. In the fall of 2014, Memorial Key purchased the facility with the intent of bringing new life to the former community hospital. As part of the repositioning, the property was renamed Phoenix Memorial Center.

Norman King and Larry LeSueur with Memorial Key commented, “Phoenix Memorial Hospital was a cornerstone of the community for decades. Our goal with Phoenix Memorial Center to create a community-welfare and care-center facility that will again serve and bring value to the members of the immediate community and metro area at large.”

In just five short months, the new owners and CBRE leasing team have brought the once nearly-vacant property to 95 percent occupied. In addition to the new lease with ConnectionsAZ, tenants at Phoenix Memorial Center include, Haven Behavioral Health, a geriatric in-patient psychiatric care provider; Packages from Home, a non-profit that sends care and comfort packages to deployed American military members stationed in active duty theaters around the world and facilitates activities that elevate morale of all veterans; and a Maricopa Integrated Health Systems’ urgent care and family clinic location, among others.

Vince and Kate, CBRE

CBRE Hires Kate Morris and Vince Femiano

CBRE has hired First Vice President Kate Morris and Vice President Vince Femiano, the top healthcare tenant brokerage team in the local commercial real estate industry, to join the firm’s Healthcare Services Group in Phoenix, Ariz. The duo will focus their attention on the dynamic local healthcare market, and will be providing services to healthcare systems, practice groups, healthcare providers, medical building owners, and others in the ever-changing healthcare industry.

I’m excited to welcome Kate and Vince to the team. They are a perfect addition to our Healthcare Services Group,” said Craig Henig, CBRE’s senior managing director and Arizona market leader. “Their years of experience and skill sets make them a powerful partnership that will allow for unrivaled service to our clients in the healthcare sector.”

Morris and Femiano come to CBRE from Transwestern where they headed up the company’s Healthcare Practice Group in Phoenix. They specialize in tenant advisory services for healthcare and medical clients, and have established themselves as the preferred provider of healthcare real estate services for over 800 physicians in the local market. Among their many major assignments, they are responsible for the oversight of transactions for a six hospital healthcare system in Phoenix and a four hospital healthcare system in Chicago, Ill., serving as the single point-of-contact for all real estate related operations. Additionally, they are growing their agency platform and working with one of the leading healthcare REITs in the nation.

The duo specializes in offering all-encompassing real estate services to healthcare clients, with an emphasis on tenant advisory, agency and investment services. They are particularly well-versed in Stark compliance issues, as well as all aspects of leasing, building purchases, dispositions, strategic planning, transaction management, consulting and other facility-related transactions as they relate to medical service providers and healthcare organizations.

CBRE’s Healthcare Services Group provides a comprehensive real estate services offering to leading healthcare systems locally and across the country. CBRE’s integrated approach aids clients in reducing cost and unlocking capital, while being sensitive to the patient experience. Members of the Healthcare Services Group recognize the significant challenges facing the healthcare industry and the need to carefully balance cost management with patient satisfaction. An integrated approach to real estate services will allow Morris and Femiano to provide clients with innovative, market-leading solutions that leave no stones unturned in searching for economic opportunities.

Morris holds a bachelor’s degree in business administration from Iowa State University in Ames, Iowa and a master’s degree in business administration from Loyola University of Chicago.

Femiano holds a bachelor’s degree in business administration from Arizona State University in Tempe, Ariz.