Sublease to New Life Wellness Center for 43,013 SF
PHOENIX, ARIZ. (March 7, 2023) – NAI Horizon represented the tenant, a Phoenix-based behavioral healthcare provider, in a long-term office sublease at Beverly Center, 8181 S. 48th St., in Phoenix.
NAI Horizon Managing Director Matt Harper, CCIM, and First Vice President Thomas Bean, CCIM, represented New Life Wellness Center, LLC, in the long-term office sublease totaling $3.45 million. New Life Wellness Center with occupy the single-tenant building, which totals, 43,013 SF.
New Life Wellness Center provides specialized behavioral healthcare services including mental health/addiction treatment, medical, case management, and patient care coordination. Beverly Center will provide a larger clinical outpatient space for New Life Wellness Center, which will expand its footprint in Phoenix. New Life Wellness Center, serves other parts of Arizona, including Tucson, Flagstaff among other locations.
“With the increase in sublease availability, our client was able to secure Beverly Center at competitive pricing and terms,” Bean said. “The property was in move-in condition and our client was able to set-up and initiate operations with minimal downtime. It was a win-win for all parties.”
Located along 48th Street, the new clinic will link directly to SR 143 with fast access to Phoenix Sky Harbor International Airport and Interstate 10. It offers freeway access from the full diamond interchange at Baseline Road and I-10.
Its freeway-oriented location offers tremendous access to several Valley labor pools, most notably, the adjacent highly sought-after Southeast Valley labor pool, nationally known for its dense, young, and highly educated demographic. It is situated at the northern end of the densely populated Ahwatukee/Mountain Park Ranch, one of the most upscale residential areas in the Southeast Valley.
The sublandlord, STVT-AAI Education, Inc., of Arlington, Texas, was represented by Connor Maloney with Transwestern.