Construction starts on Celebration Medical Center amid growth in the East Valley

GILBERT, Ariz. (November 22, 2024) – The groundbreaking ceremony occurred on Wednesday for Celebration Medical Center, a new 68,000-sq.-ft. Class A medical office development in Gilbert, Ariz., led by development firm Okland Capital. CBRE is marketing the facility for lease.

“We are thrilled to break ground on this highly anticipated project in the heart of the Mercy Gilbert Medical Corridor. This development represents a significant opportunity to bring a premium healthcare experience to the community, combining elevated architectural design with accessible, off-campus medical services. As one of the last available parcels for medical use in this corridor, we are creating a destination that will meet the growing demand for outpatient care and provide an iconic space for physicians and healthcare providers to serve patients at the highest level. We aim to deliver a seamless, refined environment that prioritizes accessibility and premium healthcare amenities, reflecting outpatient facilities’ rising demand and critical importance in the evolving healthcare landscape,” said Garret Clifford with Okland Capital.

The property will be located at 3275 South Mercy Road in Gilbert. Okland Capital will develop a three-story state-of-the-art medical building in this booming town, where population growth has driven the need for increased medical service providers.

The building is near Dignity Health’s Mercy Gilbert Medical Center and Phoenix Children’s East Valley. It offers eight suites for medical providers to occupy. The property is open to all medical uses. The property is over 30% pre-leased, with two large tenants securing leases.

“Demand for medical office space has grown substantially, especially in the East Valley. Celebration Medical Center offers cutting-edge features that modern healthcare tenants need in these high-growth markets. The building’s proximity to Dignity Health Mercy Gilbert Hospital campus and other healthcare providers will enable the tenants to draw on other medical synergy nearby,” said Philip Wurth, senior vice president at CBRE.

Medical office leasing activity and tenant demand remain steady in the Phoenix metro, driven by the overall growth in the Valley’s population. Leasing activity remains high in the Class A medical building, with 60,062 sq. ft. positive net absorption so far this year, according to CBRE Research.

“By offering direct access from Mercy Road, prominent signage opportunities, and no use restrictions from the nearby hospital, this facility ensures a premium experience for medical providers and patients. With nationwide demand for healthcare real estate outpacing supply since 2021 and off-campus occupancy growing at twice the rate of on-campus facilities, this development will be instrumental in shaping the future of patient care and community-based health services in the region,” added Clifford.

Finfrock lends his expertise and experience to help guide the organization to advance commercial real estate careers.

Tucson, AZ (November 22, 2024) — CCIM Technologies, Inc. announced Mr. Finfrock has been elected to the position Vice President of the 2025 CCIM Technologies Inc.’s Board of Directors. Richard Juge, CCIM, was elected 2025 President, and Mike Armanious, CCIM, was elected Treasurer. Mr. Finfrock is also serving as a member of the CCIM Institute Board of Directors, CCIM Foundation Board of Directors and will be the 2025 Chair of CCIM’s Ward Center Subcommittee. Mr. Finfrock is also a member of the Southern Arizona CCIM Chapter Board of Directors. Craig has also been a member of ICSC since 1986 and a past member of the Arizona ICSC Board.

CCIM Technologies, Inc. is a wholly owned subsidiary of the CCIM Institute. CCIM Technologies provides a toolkit, Site To Do Business, of market analysis tools for the commercial real estate professional. Site To Do Business is the premier resource for market information and trends, providing an integration of demographic information, GIS, and analytics for commercial real estate professionals. For more information about Site To Do Business visit www.stdb.com.

PHOENIX, ARIZONA (Nov. 22, 2024) – NAI Horizon is pleased to announce that Lane Neville has been promoted to Managing Director. Neville is a veteran investment sales specialist and brokerage team leader for the Investment Services Group (ISG), Healthcare Advisory Group (HAG), and the Special Asset Solutions group (SAS) at NAI Horizon, headquartered in Phoenix.

Neville, a Principal Partner and Board Member at the firm, was promoted from Executive Vice President, a position he has held at NAI Horizon for the past four years. He possesses more than 38 years of diversified real estate experience focused on investment sales and portfolio leasing.

Areas of expertise include disposition and acquisition, valuation services, underwriting, and land sales. Over his career, Neville has completed more than 1,400 sale and lease transactions valued in excess of $1.6 billion.

“I am excited about our future at NAI Horizon. We have a very cohesive group of brokers that bring lots of diverse deal activity to the table and our company revenue continues to grow,” Neville said. “I am also very proud of my efforts over the past few years to lead our brokerage team into buying the majority shares of our company.

Having a broker-owned commercial real estate company, situated within the largest national franchised industry platform, seems to be the winning combination for all of us at NAI Horizon.”

A licensed Arizona Real Estate Broker and a graduate of Arizona State University, Neville is proficient in all aspects of marketing and selling commercial investment properties including office, medical office, and retail . He began his commercial real estate career as a high-rise office leasing agent with CBS Property Services in 1987.

Throughout his career Neville has held several senior real estate executive positions with national property and brokerage companies. He served as Managing Director of the Western Region for Kennedy-Wilson Properties; Director of Leasing and Brokerage for Insignia/ESG; and Senior Marketing Manager at Tishman West Companies.

Neville has been an NAI Horizon “Top 10” Producer from 2012 through 2024. In 2020, he was the firm’s No. 1 Producer. Neville also serves a mentor.

“As a group, we have added experienced brokers to our company through strategic recruiting and have also grown through a strong internal training program focused on new agents graduating from college,” Neville said. “Spearheading our training program over the past two years has become a passion of mine. I know how important it is for a commercial brokerage company to mentor young agents to grow organically.”

For more information about recruiting and brokerage opportunities at NAI Horizon, please contact Neville at lane.neville@naihorizon.com .