TUCSON, Ariz. - Hacienda Professional Office, LLC is poised to begin development of a build-to-suit, Class A office building at 2626 East River Road (southeast corner of River Road and Hacienda del Sol Road within Tucson city limits) for end user Banner Alzheimer’s Institute. Groundbreaking is anticipated this summer. The project will be adjacent to The Hacienda at the River, a Watermark community encompassing assisted living, memory care, Medicare-certified skilled nursing and rehabilitation, integrative therapies including equine therapy, and hospice services.
Banner Alzheimer’s Institute has entered into a long term lease to occupy 10,000-square-feet of the build-to-suit Class A office building. The remaining 5,000-square-feet of leasable Class A office space is represented by David Montijo, CBRE.
The new building will be home to an expansion of Banner Alzheimer’s Institute’s globally respected program in Phoenix. Banner Alzheimer’s Institute in Tucson will see patients with cognitive disorders to provide diagnostic evaluations, individualized treatment plans and ongoing support from an experienced team.
Through its research and care, Banner Alzheimer’s Institute is dedicated to the goal of ending Alzheimer’s disease without losing another generation. Founded in 2006 by Banner Health, one of the country’s largest nonprofit health care systems, BAI has a three-fold focus: to conduct revolutionary studies in the detection, treatment and prevention of Alzheimer’s; to set a national standard of patient and family care; and to forge scientific collaborations that bring together institutions and disciplines internationally.
Developer of the 15,000-square-foot build-to-suit building is Michael R. Wattis Inc. Architect is Highton Company Commercial Architectural Services. Contractor is W.E. O’Neil Construction Co. of Arizona.
Michael R. Wattis, Inc., a closely held real estate development firm specializing in industrial and commercial build-to-suit developments, brings over 25 years of commercial real estate and development experience to the project. Over three decades in Tucson, Wattis has attentively nurtured business relationships with a network of principals in real estate and related disciplines. These positive, long-term relationships have led Wattis to diverse opportunities in real estate development primarily in Southern Arizona.
[mepr-show rules="58038"]Askng lease rate: $24.50/ SF / NNN[/mepr-show]