Out-of-town money just planted another flag in the East Valley. Chicago-based investors on Tuesday paid $48 million in cash for a two-building medical-office campus in Mesa, picking up the Stapley Medical Center complex just south of U.S. 60 and slotting it into the Valley’s growing roster of outpatient healthcare real estate. The deal keeps dozens of existing clinics and specialty providers in place, and the buyers say it is a calculated step toward building a broader metropolitan footprint across Phoenix. Local tenants and staff are expected to stay put under the new ownership.
As reported by the Phoenix Business Journal, RX Health & Science Trust partnered with Chicago private-equity firm Shore Capital Partners to acquire Stapley Medical Center for $48,000,000 in cash. The outlet notes that the duo is not treating this as a one-off play, with plans to pursue additional medical properties across metro Phoenix as they build out a regional portfolio.
Leasing materials for Stapley Medical Center list roughly 181,899 square feet across the two buildings at 1840 and 1910 S. Stapley Drive. Brokers marketed the site as a value-add medical campus with quick access to nearby hospital campuses, highlighting modern clinic suites, covered parking and shared services that appeal to outpatient tenants who want to stay close to major health systems…