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Plaza Cos. Plans $30M Mixed-Use Project

PEORIA, AZ-The Plaza Cos. acquires eight acres at Thunderbird Road and Plaza del Rio Boulevard for $2.1 million from Sun Health Properties Inc. The company plans to develop a 100,000-sf to 140,000-sf, mixed-use project on the land.

By Jennifer D. Duell | Updated on November 29, 2004

PEORIA, AZ-With plans to develop a $30-million, mixed-use project, the Plaza Cos. has purchased eight acres at Thunderbird Road and Plaza del Rio Boulevard for $2.1 million from Sun Health Properties Inc.

The parcel is the first piece of a larger tract within the Plaza del Rio master-planned medical campus that the company hopes to have under contract soon, says Peter Spier, a development associate with the Plaza Cos. The Plaza Cos. owns about 300,000 sf of medical office space in the Plaza del Rio campus.

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