Mayo Clinic buys land for north Phoenix expansion

(Photo via Mayo Clinc)

By Corina Vanek | Phoenix Business Journal

The Mayo Clinic purchased 228 acres of land adjacent to its north Phoenix campus at an Arizona State land Department auction Wednesday morning in a deal that clinic leadership said has been years in the making.

Dr. Richard Gray, CEO of Mayo Clinic in Arizona, was the bidder on behalf of Mayo at the auction, and Mayo was the only group to place a bid on the land, which sold for the appraised value of $139.75 million. The land is on the east side of 56th Street and south of Loop 101. It is north and east of the existing Mayo Clinic campus.

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