Colliers International negotiates medical office building acquisition

Valbuena Institute acquires 6,512-square-foot medical building for expansion

Phoenix, August 14, 2017 – Colliers International in Greater Phoenix sold a medical office building to the Valbuena Institute for $1,321,936. The Institute will relocate its Valbuena Wellness Center to the property, located at 9831 E. Bell Road in Scottsdale, Arizona.

“This property offered very convenient access to the Loop 101 and enables my client to expand their practice and add service lines for their patients,” says Phil Wurth, executive vice president with Colliers International in Greater Phoenix.

The Valbuena Institute purchased the property from Pathfinder TRF Four, LLC. Wurth represented Valbuena Institute and Ryan O’Connor of Cushman & Wakefield represented the seller.

The medical office building contains 6,512 square feet of space and was constructed in 2005. Valbuena Institute plans to remodel and upgrade the space before taking occupancy. They also will be hiring additional staff and partnering with more local healthcare providers.

Founded by Paul R. Valbuena, M.D., a Double Board-Certified Psychiatrist and a Diplomate with the American Board of Psychiatry and Neurology. Valbuena Wellness Center provides a full range of services. It is a multi-specialty center that includes many physicians and licensed therapists.

They provide health and wellness checks, addiction medicine services, psychiatric services, Nutritional services, aesthetics, women and men's health, therapy for both adult and children as well as lab testing. Dr. Valbuena is a recognized leader in health and wellness and is devoted to providing efficient and compassionate health services to all ages.

About Colliers International Group
Colliers International Group Inc. (NASDAQ and TSX: CIGI) is an industry-leading global real estate services company with 15,000 skilled professionals operating in 68 countries. With an enterprising culture and significant employee ownership, Colliers professionals provide a full range of services to real estate occupiers, owners and investors worldwide. Services include strategic advice and execution for property sales, leasing and finance; global corporate solutions; property, facility and project management; workplace solutions; appraisal, valuation and tax consulting; customized research; and thought leadership consulting.

Colliers professionals think differently, share great ideas and offer thoughtful and innovative advice that help clients accelerate their success. Colliers has been ranked among the top 100 global outsourcing firms by the International Association of Outsourcing Professionals for 12 consecutive years, more than any other real estate services firm.

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Colliers International in Greater Phoenix has served clients locally and globally for more than 35 years.