Phoenix & Southwest CRE News In Your Inbox.
Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.
RX Health Trust Pays $48M for Mesa Medical Center
Cushman & Wakefield arranged the $48 million sale of Stapley Medical Center, a two-building, 181,710-square-foot medical office campus in Mesa, Arizona. The property is located at 1840 and 1910 S. Stapley Drive.
Travis Ives, Gino Lollio and Tyler Morss with C&W’s Healthcare Capital Markets Team collaborated with Chris Toci and Eric Wichterman of C&W’s Phoenix office representing the seller, a joint venture partnership between Harbert Management Corporation and Cypress Office Properties. The properties were acquired by RX Health & Science Trust (RXHST).
Harbert and Cypress acquired Stapley Medical Center in June 2021 for $37 million. C&W advised the seller on that transaction as well. During their hold, Harbert and Cypress consummated over 60,000 square feet of new medical tenant leasing, positioning the property for a successful sale.
The center is anchored by HonorHealth, Abrazo Healthcare and Prosano (BlueCross BlueShield).
- ◦Sale/Acquisition
