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Shea Unveils $13M Condo Project Near Hospital

CHANDLER, AZ-The office condo developer is planning a 14-building, 82,600-sf project near Chandler Regional Hospital. Ground will break in the fall on Dobson Village, which has hit a 40% pre-sale mark to mostly medical professionals.

By Jennifer D. Duell | Updated on July 15, 2005

CHANDLER, AZ-Shea Commercial LLC has finalized plans to develop an 82,600-sf office park across from Chandler Regional Hospital. The $12.5-million Dobson Village will break ground in the fall.

Dobson Village, set to rise on about 10 acres at the northeast corner of Dobson and Frye roads, already is 40% pre-sold to mostly medical professionals, says Jeff Tricco, a broker with Scottsdale-based Shea Commercial. “We thought demand would be strong since we’re right across from the hospital in a growing area,” he tells GlobeSt.com. Six condos, totaling 32,000 sf, are sold and a 4,000-sf one is under contract, he adds. The class A condos are selling for $185 per sf to $195 per sf. They will be ready to occupy in spring 2006.

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