CBRE tapped to lease Sierra Bloom Wellness Campus in Scottsdale
CBRE has been retained for leasing of Sierra Bloom Wellness Campus, a new 43-acre, mixed-use campus that combines medical, office, retail and hotel space, located on Loop 101 and 90th Street on the Salt River Pima-Maricopa Indian Community in Scottsdale, Arizona.
The first phase, beginning construction in Fall 2017, will encompass approximately 300,000 square feet. Users include a 71,000-square-foot, 120-bed behavioral health hospital, a 125,000-square-foot, 118-unit luxury assisted living and memory care community, and a 120-room hotel.
Vince Femiano and Kate Morris with CBRE’s Phoenix office will lease the balance of healthcare space on the Sierra Bloom campus, which will incorporate a 90,000-square-foot multi-specialty medical office building, a 50,000+ square-foot skilled nursing facility, and future health and wellness-oriented projects.
Zachary Pace with Phoenix Commercial Advisors has been retained for the retail leasing portion of the campus. Phase I will include a 2,500-square-foot national quick service restaurant and a 6,000-square-foot national convenience store.
“There is tremendous demand in Scottsdale for a high-end health and wellness destination and our first phase beginning in the fall will lift this project off the ground after many years of anticipation,” said Joshua Teague, Senior Vice President with Chicago-based Healthcare Development Partners, who leads the project along with Phoenix-based venture partner Pima Centre. “Merging best-in-class operators from multiple cross-sections of the continuum of care is the essence of Sierra Bloom, and we’re pleased to be bringing the vision to fruition.”
“We are thrilled to be working with Healthcare Development Partners on the highly anticipated Sierra Bloom Campus, which when completed, will be a one-of-a-kind, integrated health and wellness destination bringing all aspects of a family’s healthcare needs to a single, convenient Scottsdale location,” said CBRE’s Femiano.
Smith Development/C.D. Smith Construction and Plunkett Raysich Architects, both based in Milwaukee, Wisconsin, will provide construction and design services, respectively, for the campus.