PHOENIX, ARIZ. – Healthcare trends currently are a hot topic. How these trends impact the commercial real estate industry is an even hotter topic.

AZCREW, the leading organization for senior-level executive women in the Metro Phoenix commercial real estate field, will examine medical real estate trends at its May luncheon. The event is May 21 at the Phoenix Country Club, 2901 N. 7th St.

May’s speakers include Julie A. Johnson, Principal, Avison Young; Randy McGrane, Managing Director and CEO, Ensemble; and Sonja Nelson, Chief Strategy Officer, Abrazo West Campus. With today’s healthcare focus on patient wellness and care satisfaction – as well as providing delivery efficiencies including convenient and easily accessible locations

healthcare providers have had to take the initiative of being proactive and making it easier for the patients to get treatment. Developers of healthcare facilities have also had to adjust to this shifting real estate strategy. “That’s when the shift started towards providing healthcare that is not focused on making the hospital the center of the universe,” Johnson says. “There is a lot of real estate involved.” AZCREW’s May lunch begins with networking at 11:30 a.m. The program starts at noon. Member registration is $45; non-member pre-registration is $65. Lunch is included. Registration ends May 16. Register here

TUCSON, ARIZONA – Healthcare Realty Trust of Nashville, TN sold a medical office portfolio totaling 67,745-square-feet across four buildings in Tucson, Arizona for $13 million ($192 PSF) to a joint venture between Texas-based Pisula Development Company and Harrison Street of Chicago.

Pisula Development Company (PDC) and its affiliates form a full service, commercial real estate group located in The Woodlands, Texas.  Together they provide property, asset and facilities management services for just over 2.3 million square feet of commercial real estate.  PDC has broken ground on or acquired over 64 projects over the past 16 years.

Harrison Street is a leading alternative investment management firm focused on the Education, Healthcare and Storage sectors.  The firm has created a series of differentiated investment strategies across multiple risk/return platforms.  Headquartered in Chicago, the firm employs a 140-person team with approximately $18.3 billion in assets under management.

The portfolio comprises Magee Medical Plaza at 551 W Magee Road, Riverstone Medical Plaza at 4892 N Stone Avenue, St. Mary’s Medical Plaza at 1704 W Anklam Road and Green Valley Medical Plaza at 1055 La Canada Drive.  All the properties are located in highly trafficked medical and retail corridors in the Tucson MSA.  Two of the properties are fully leased to Carondelet Health Network and are critical locations in their outpatient care delivery network.  Additionally, St. Mary’s Medical Plaza is situated on the campus of the award-winning 349-bed Carondelet St. Mary’s Hospital.  The portfolio is 95.5 percent leased overall and is anchored by Carondelet Health Network, one of Southern Arizona’s largest health systems.

The Holliday Fenoglio Fowler, L.P. (HFF) team represented the seller and procured the buyer.

The HFF investment advisory team representing the seller comprises members of HFF’s national medical office capital markets team, including managing director Evan Kovac, directors Andrew Milne and Anthony Frogameni, senior associate Trent Jemmett, and senior director Ben Appel and associate Matt DiCesare.  Senior director John Chun, also a part of the national medical office capital markets team, provided debt advisory for the transaction.

Director Ben Geelan provided local market expertise in conjunction with the larger team.

For more information, Geelan should be reached at 602.648.8700.

To learn more, see RED Comps #6716, #6717, #6718 and #6719 .

PHOENIX, Arizona –JLL Healthcare Capital Markets Group announced the sale of the 56,190-square-foot Thunderbird Wellness Centre at 6750-6790 W Thunderbird Road in Peoria, Arizona. Daniel Turley of JLL Healthcare Capital Markets Group served as exclusive advisor to the seller, a joint venture between developer/owner MedProperties Group and Virtus Real Estate Capital. The buyer was MBRE Healthcare out of Chicago.

The 100 percent occupied four-building Class A medical office and specialty retail asset is anchored by a USPI-affiliated ambulatory surgery center and features a high-quality and diversified tenant roster. Located in one of Phoenix’s most affluent and growing northwest submarkets, Thunderbird Wellness Centre is strategically positioned less than five miles from three of Phoenix’s major hospitals including the Banner Boswell Medical Center, Banner Thunderbird Medical Center and Tenet’s Abrazo Arrowhead Hospital.

JLL Healthcare Capital Markets is the only national full-service healthcare capital markets team in the real estate industry focused on medical office, hospitals, seniors housing and post-acute care. The team consistently transacts over $1 billion annually with unrivaled expertise and experience in investment sales, monetization, development debt and equity capital raise and advisory services for investor and provider clients.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether a sale, financing, repositioning, advisory or recapitalization execution. In 2018 alone, the firm’s 2,600 Capital Markets specialists completed nearly $180 billion in investment sale and debt and equity transactions globally.