Colliers International negotiates medical office lease in Chauncey Building

Scottsdale medical practice signs 10-year lease; Desert Center of Allergy and Chest Diseases consolidating two offices

Phoenix, December 5, 2017 – Desert Center of Allergy and Chest Diseases signed a lease for a term of 127 months in the Chauncey Building at 6970 E. Chauncey Lane in Scottsdale, Arizona. The medical practice leased 22,080 square feet and will consolidate two offices in this one location to provide patients with more extensive services.

Philip Wurth, CCIM, executive vice president with Colliers in Greater Phoenix, represented landlord Talia Jevan Properties, Inc., of Vancouver in the lease negotiations. The medical practice was represented by Alexandra Loye of Avison Young in Phoenix.

“We are experiencing a trend with medical practices consolidating in the market,” said Wurth. “Providers are wanting to expand services and find that a single location better enables them to serve patients in this way.”

Desert Center of Allergy and Chest Diseases offers a comprehensive pulmonary medical practice, as well as allergy, immunology and sleep medicine. This is a very prestigious medical practice to have as a tenant. Talia Jevan Properties would like to expand on this tenancy by attracting more medical-use businesses.

“We proudly welcome Dr. Finberg, his partners and all of their valued patients to the Chauncey Building,” states Mr. Harmel S. Rayat, president of Talia Jevan Properties.
“As a family business, we strive to provide the best service possible, which comes in many forms. Whether it be landscaping and luxurious lobbies that rival any 5-star resort and impeccably maintained bathrooms and hallways to always having someone available to assist when needed, we work hard to provide the best experience possible for our tenants and their clients.”
Mr. Rayat concludes, “In stark contrast to most landlords who place a high priority on generating the highest investment returns, our #1 priority is to build long-term relationships with our tenants based on integrity, trust and transparency. In the long term, everyone benefits!”

The Chauncey Building is located close to Honor Health Scottsdale Thompson Peak Medical Center and Abrazo Hospital Scottsdale Campus.  The tenant was attracted to this proximity and the building’s easy access to the Loop 101 and the surrounding retail amenities.

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.

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