Private equity firm Hammes Partners has acquired Spectrum Medical Commons in Gilbert, Arizona, for $17.6 million from an unnamed developer. The sales price equates to $409 per square foot.

Located at 3367 S. Mercy Road, Spectrum Medical Commons is a 43,355-square-foot class-A medical office space situated adjacent to Mercy Gilbert Medical Center. It includes a modern surgery center and great accessibility with access to a full interchange at Val Vista Drive and the Loop 202 freeway.

JLL EVP Brian Ackerman facilitated the transaction.

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Kelsi Maree Borland

Kelsi Maree Borland is a freelance journalist and magazine writer based in Los Angeles, California. For more than 5 years, she has extensively reported on the commercial real estate industry, covering major deals across all commercial asset classes, investment strategy and capital markets trends, market commentary, economic trends and new technologies disrupting and revolutionizing the industry. Her work appears daily on GlobeSt.com and regularly in Real Estate Forum Magazine. As a magazine writer, she covers lifestyle and travel trends. Her work has appeared in Angeleno, Los Angeles Magazine, Travel and Leisure and more.