Phoenix, AZ (January 5, 2026) - Newmark announces that the Company arranged the sale of 5416 East Baseline Road, a two-story, 63,834-square-foot office building in Mesa, Arizona. The property sold for an undisclosed amount.
Newmark Executive Managing Directors Barry Gabel, Chris Marchildon, and CJ Osbrink represented the seller, Minneapolis-based Founders Properties. The buyer was ViaWest Group, a leading Phoenix-based real estate investment, development, and management firm.
“This acquisition underscores the enduring value of high-quality, well-located office investments in the Phoenix market,” said Marchildon. “5416 E Baseline is a stabilized, infill suburban asset at the heart of a rapidly expanding medical and commercial corridor, anchored by Banner Gateway Medical Center. With strong in-place occupancy and the ability to migrate tenancy toward high-demand medical users, the property offers secure cash flow today and compelling long-term upside.”
“This acquisition aligns with ViaWest Group’s strategy of targeting well-located, assets in high-growth corridors with proximity to major medical centers,” said Alex Hondros, Senior Vice President, Acquisitions & Asset Management at ViaWest Group. “5416 E Baseline represents the type of thoughtful, opportunity-driven investment our team remains committed to pursuing across the Valley and will fit well into our growing portfolio of campus adjacent healthcare properties.”
The infill, suburban office property is 95% occupied by eight tenants, primarily in the healthcare and financial services industries. Built in 2001, this asset features efficient floor plates offering flexibility for a wide range of uses and ample parking, including some covered spaces. The property provides a consistent income stream with a varied rollover and future operational upside.
The building is within walking distance of a host of retail, restaurant, and hospitality amenities, with over 8.9 million square feet of retail within a three-mile radius. It also benefits from convenient access to the US 60 Freeway and is less than 1 mile from Banner Gateway Medical Center, home to the world-renowned Banner MD Anderson Cancer Center. Additionally, 20 hotels are within a three-mile radius, enhancing the location's appeal.