December 22, 2024 10:44 pm
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Rose Law Group

Medical office complex nets $141M

Paradise Valley IMS
Paradise Valley IMS

By Kristian Seemeyer| GlobeSt.

Newmark Grubb Knight Frank’s Phoenix office, in collaboration with Global Healthcare Services, announced the completion of a $141 million sale of the Integrated Medical Services portfolio encompassing four class A medical office buildings totaling 406,894 square feet. This portfolio sale sets a new record for the Phoenix Metro area as the highest price paid at $347 per square foot for an on-campus, multi-tenant medical office portfolio.

NGKF Global Healthcare Services executive managing directors Garth Hogan and Todd Perman, along with directors Trisha Talbot and Kathleen Morgan in the Phoenix office, represented the sellers. The buyer, Physicians Realty Trust, a self-managed healthcare real estate company, was self-represented.

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