Newmark Grubb Knight Frank (www.ngkf.com) has been awarded the exclusive listing assignment for a comprehensive health care campus located off the Loop 101 freeway on the northwest corner of 99th and Glendale avenues in Glendale, Arizona, next to St. Joseph’s Westgate Medical Center.
NGKF’s Global Healthcare Services group will represent the developer, 101 West Healthcare LLC of Phoenix, in attracting national healthcare companies and local providers to the project. The Phoenix-based brokerage team includes Trisha Talbot, Kathleen Morgan, Sheila Bale and Ryan O’Connor, in partnership with NGKF’s national healthcare platform, including brokers Garth Hogan and John Scruggs.
Totaling more than 200,000 square feet of ground-up development, the four- to five-building campus is expected to offer a continuum of outpatient care, from community wellness to skilled nursing facilities, as well as space for research and education. Medical office buildings for lease and/or purchase, as well as build-to-suit opportunities, are available at the project, which is expected to break ground in 2016. Phoenix-based Triarc Architecture & Design LLC is creating the design, while Mattson Construction LLC is the development’s construction manager.
“This is a state-of-the-art, outpatient healthcare campus that is strategically located in the Westgate area to service all cities in the west Phoenix metropolitan area,” John Simon, principal, 101 West Healthcare LLC, said. “Through partnerships with nearby providers and hospitals, as well as ambulatory surgery centers, healthcare groups, education and research institutions, the master plan incorporates medical and economic performance for the community and their families.”
Trisha Talbot, a director in NGKF’s Global Healthcare Services group, said the campus offers the healthcare market an opportunity to locate services in one place to serve patients of all ages and with different medical needs.
“As healthcare legislation is focused on preventative medicine, having a concentration of outpatient services together with post-acute and acute care services will foster a synergy among providers to collaborate on patient care,” she said. “The research and education component of the project also is an important piece, as it provides a place to nurture training, teaching and dynamic learning in an ever-changing industry.”
The Global Healthcare Services team provides clients with a single-source solution for every phase of acquiring, financing, developing and disposing of healthcare real estate. Utilizing a consultative approach and leveraging national resources and global reach, team members assist hospitals, health systems, physician groups, investors and developers in effectively managing their healthcare real estate operations and portfolios, creating and executing long- and short-term strategic plans that deliver reduced occupancy costs, increased efficiency and utilization, and access to capital and, ultimately, maximizing value.