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Mesa Medical Office to Undergo Multi-Mil. Renovation

Courtesy of Colliers International in Arizona

Alexandra Loye and Julie Johnson of Colliers International in Arizona have been enlisted to handle leasing for the Desert Medical Plaza, a four-building, 289.1KSF medical office project located on the Banner Desert Medical Center campus on Dobson Road and the US-60 in Mesa owned by Lillibridge Healthcare Services.

Currently offering attractive leasing packages for new tenants and renewals, the buildings, which are located at 1432, 1450, 1500 and 1520 S. Dobson Rd. in Mesa, 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. The project will include construction of move-in ready, spec suites that will be available for immediate occupancy.  There is tremendous opportunity for stabilizing the campus with 82KSF currently available for lease.

“This is a very exciting opportunity to lease a large trophy medical office portfolio on behalf of an institutional owner that has traditionally handled their leasing in-house,” says Loye. “Their decision to engage third party leasing services speaks to the value and advantages of local market brokerage knowledge and expertise. Once this major renovation is complete, the buildings will display the qualities of a modern medical office campus, perfectly suited to meet the needs of the evolved healthcare tenant.”

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