06JLL Capital Markets successfully sourced financing for Goodyear Medical Plaza in Goodyear, Arizona
PHOENIX, (Dec. 6, 2024) – JLL Capital Markets announced today that it has arranged a $13.4 million refinancing for Goodyear Medical Plaza, a 47,483-square-foot, Class A medical property in Goodyear, Arizona.
JLL worked on behalf of PMB, to secure the fixed-rate loan through a national healthcare real estate lender.
PMB redeveloped Goodyear Medical Plaza from a movie theatre to an award-winning medical outpatient building for Abrazo Health (part of Tenet Health, Fitch: B+) in 2019. The single-story building is 99% leased, with Abrazo Health and affiliated tenants occupying approximately 49% of the space and providing services, including orthopedics, cardiology, and a wound clinic. Other tenants at the facility include a state-of-the-art imaging center, internal medicine, pain management, and physical therapy.
The property is strategically located at 1325 N Litchfield Rd, on the Abrazo West Hospital campus, the largest hospital in northern Goodyear. Goodyear Medical Plaza sits north of Interstate 10 in a busy commercial corridor approximately 17 miles west of downtown Phoenix.
The JLL Medical Properties Capital Markets team, including Director Daniel Digerness, represented the borrower in the transaction.
“We had a significant amount of lender interest in Goodyear Medical Plaza, due to the combination of a best-in-class sponsor, strong anchor tenant credit profile, a diversified tenant base and an on-campus critical location,” Digerness said.
JLL’s Capital Markets group is a full-service global capital solutions provider for real estate investors and occupiers. The group’s in-depth local market and global investor knowledge delivers best-in-class solutions for clients, whether they need investment sales and advisory, debt advisory, equity advisory, or recapitalization. The group has more than 3,000 Capital Markets specialists worldwide and offices in nearly 50 countries.