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.