TUCSON, AZ (June 24, 2025) — AG-CW LA Cholla Oro MOB Owner, LLC, a joint venture between Angelo Gordon and Cypress West, has completed the acquisition of La Cholla Medical Plaza, a Class A medical office building at 6130 N La Cholla Blvd in Tucson, Arizona. The transaction closed on June 18, 2025, with a recorded purchase price of $13.5 million in this non-arm’s-length transaction.
La Cholla Medical Plaza is a two-story medical facility totaling approximately 67,731 square feet, built in 1998. The property is 80% occupied, with 14,075 square feet advertised for lease in five fully built-out suites, suitable for medical or office/medical use. It is strategically located on the Northwest Medical Campus adjacent to Northwest Medical Center, a 300-bed regional hospital. Major tenants include Northwest Hospital Pain Management and Wound Care, as well as Pima Heart & Vascular and Eye Associates of Tucson.
The property was previously acquired by Cypress West in January 2021 from Healthpeak Properties for $12.77 million. Ownership was held under CWRP La Cholla Oro MOB Owner, LLC, a Cypress West entity. On June 18, 2025, ownership was formally transferred into AG-CW LA Cholla Oro MOB Owner, LLC, marking a strategic recapitalization of the asset and its transition into the broader AG-CW portfolio. The transfer reflects Cypress West’s ongoing strategy of migrating high-performing healthcare properties into its joint venture with Angelo Gordon, following the establishment of a $300 million investment platform targeting medical office buildings across the Sun Belt.
This new ownership structure combines Cypress West, a healthcare-focused real estate investment and management firm, with Angelo Gordon, a leading global alternative investment firm with a strong track record in real estate. Angelo Gordon’s experience in sourcing, structuring, and managing commercial real estate investments complements Cypress West’s deep operational expertise in the medical office sector. Together, the AG-CW platform is well-positioned to target long-term value creation in healthcare real estate markets nationwide.
The new ownership group plans to maintain the property’s Class A positioning in the market while investing in tenant retention, targeted leasing, and long-term operational improvements. The building’s proximity to a major hospital and its mix of long-term tenants positions it for continued performance in a stable and growing medical corridor.
The Kidder Mathews healthcare real estate team, Aneesa Daas, Michael Dupuy, Emily Ernst, Perry Gabuzzi, Rachael Thompson, Fletcher Perry, Chad Sutton, and Zack Harris handled the re-capitalization.
AG-CW Healthcare Real Estate Partners is actively acquiring similar medical office properties in key regional markets.
Bryan McKenney, Director of Brokerage Services at Cypress West, can be reached at 949.478.0087 and Ryan McGregor with Cushman & Wakefield | Picor handles the leasing and can be contacted at 520.546.2748.