Tucson’s El Dorado Medical Plaza Trades to Insight Medical

Meridian and Harrison Street Asset Management sold El Dorado Medical Plaza, a 182,900-square-foot, three-story healthcare campus in Tucson, Arizona. The buyer was Insight Medical Realty, based in Franklin, Tennessee.

The Class B property includes medical office space, a surgery center and hospital uses.

The property is on an 11.77-acre parcel within Tucson’s primary medical corridor, which includes Tucson Medical Center’s main hospital campus and St. Joseph’s Hospital. The campus is anchored by TMC and El Dorado Springs Behavioral Health, a Lifepoint Health behavioral health hospital.

Meridian and Harrison Street acquired El Dorado Medical Plaza in March 2021 through a joint venture partnership

Following the acquisition, Meridian and Harrison Street invested in capital improvements at the property and worked with its major tenants on multi-year lease commitments and expansions.

Meridian and Harrison Street were represented in the transaction by JLL’s Medical Properties Group. Andrew Milne, Evan Kovac, Matt DiCesare and Sam Prendergast facilitated the sale, while John Chun and Jarrod Howard arranged financing for the buyer.