TUCSON, Arizona – Oak Street Health (NYSE: OSH) a network of value-based primary care centers for adults on Medicare, has signed a lease for 12,016-square-feet for its first Arizona location in Tucson in the Oracle Gateway Shopping Center located at 3820 N. Oracle Road. Oak Street Health specializes in Medicare patients and preventative care for seniors. The Chicago, Illinois based company has over 117 locations nationally. The new Tucson location is expected to open the first quarter of 2022.
Oak Street Health announced plans to enter 20th State, Arizona, in June.
"As vaccination rates rise, restrictions lift, and loved ones across the country safely reunite, Oak Street Health is excited to look toward the future,” said Mike Pykosz, Chief Executive Officer of Oak Street Health. “We are proud to announce plans to enter Arizona in early 2022, and we look forward to introducing older adults in Phoenix and Tucson to a superior healthcare experience. We are also excited by the opportunity to welcome new team members in Arizona to join our mission to rebuild healthcare as it should be.”
Oak Street Health patients can expect an unmatched healthcare experience that includes quality time with their provider in-person or via telehealth visits; a 24 / 7 patient support line; individualized, preventive care plans; and access to transportation to and from the center for eligible patients. Additional services, such as behavioral health care, social health support and Medicare education classes, are also offered to help older adults meet their unique needs in one convenient location.
Since its founding in 2012, Oak Street Health has driven an approximately 51% reduction in patient hospital admissions compared to Medicare benchmarks, a 42% reduction in 30-day readmission rates and a 51% reduction in emergency department visits, all while maintaining a Net Promoter Score of 90 across patients. Oak Street Health will accept multiple health plans at all locations, including traditional Medicare.
To learn more about Oak Street Health’s value-based primary care model, click here.
Craig Finfrock of Commercial Retail Advisors, LLC represented the Landlord, 3838 Oracle Plaza Joint Ventures, LLC, and Sean Bossy of Tether Advisors and Ty Brewster of Locate AI represented the tenant in this lease transaction. Commercial Retail Advisors, founded in 2001, specializes in the leasing and sales of shopping centers and retailer tenant representation throughout southern Arizona.
For more information, Finfrock can be reached at (520) 290-3200.
[mepr-show rules="58038"]Asking lease rate: $9.00/SF/YR, NNN; Triple Net Expenses: $5.78/SF/YR (estimated)[/mepr-show]