The second phase of Thunderbird Paseo Medical Plaza, situated at 5605 W. Eugie Ave., provides direct access to the hospital, on-site lab and radiology services of Thunderbird Samaritan Medical Center, explains Randy McGrane, Ensemble's managing director. "We've timed the completion of the project to meet the growing demand for medical office space," he says.

While demand for office space has gone south in line with the declining economy, it has remained high for medical office space in the Valley, say local experts. The Valley's overall direct and sublease office vacancy rate is about 18%, but most medical office buildings are under 10%.

Phase II is 100% occupied largely due to the expansion of medical practices to meet the growth in the healthcare field. Tenants include Arizona Allergy and Asthma, Valley Radiology and Phoenix Orthopedic Consultants. The two-story, $5.1-million development includes a large garden courtyard and covered parking for added tenant comfort and convenience.