Via Cypress West Partners
By AZRE
Cypress West Partners announced the start of construction for its latest Class A medical office development in Queen Creek, AZ, ranked as the third-fastest growing city in the U.S. according to the Census Bureau.
Located at the intersection of Signal Butte Road and Ocottillo Road, the new 22,000-square-foot single story building is just two miles south of the new SR 24. Construction is expected to be completed by the third quarter 2023 with tenant move in by fourth quarter 2023. The property is the only off-campus for lease medical office building in the town of Queen Creek. Cypress West acquired the 2.5-acre parcel at the end of 2022.
According to Jason Anzalone, managing director of development, Cypress West Partners, the new building, named Ocottillo Medical Collaborative, was 87 percent leased prior to start of construction to a mix of service oriented medical tenants. Negotiations are under way for the remaining space within the building.
