Colliers International has taken over leasing of Desert Medical Plaza. The property is a four-building, 289,068-square-foot medical office project on the Banner Desert Medical Center campus. It trades for an undisclosed amount.
Desert Medical Plaza is owned by Lillibridge Healthcare Services, a subsidiary of Ventas, Inc. The building will undergo a multi-million-dollar modernization project in 2020 by Krause Interior Architecture, Inc. The extensive changes to bring all the buildings to a contemporary Class-A level will include new facades and entrances for two buildings, redesign of all lobbies and common areas as well as an extensive exterior renovation which will add an attractive outdoor plaza with on site café and new robust signage package.
Alexandra Loye and Julie Johnson of Colliers International in Arizona have been enlisted to handle leasing for the property.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.