Colliers International to handle leasing for Desert Medical Plaza in Mesa

Medical office project to undergo multi-million-dollar renovation

Phoenix, October 15, 2019Alexandra Loye and Julie Johnson of Colliers International in Arizona have been enlisted to handle leasing for the Desert Medical Plaza, a four-building, 289,068-square-foot medical office project located on the Banner Desert Medical Center campus on Dobson Road and the US-60 in Mesa, owned by Lillibridge Healthcare Services.

Currently offering attractive leasing packages for new tenants and renewals, the buildings, which are located at 1432, 1450, 1500 and 1520 S. Dobson Road in Mesa, will undergo a multi-million-dollar modernization project in 2020 by Krause Interior Architecture, Inc.

The extensive changes to bring all the buildings to a contemporary Class-A level will include new facades and entrances for two buildings, redesign of all lobbies and common areas, as well as an extensive exterior renovation, which will add an attractive outdoor plaza with on-site cafe and new robust signage package.

The project will include construction of move-in ready spec suites that will be available for immediate occupancy. There is tremendous opportunity for stabilizing the campus with 81,960 square feet currently available for lease.

Desert Medical Plaza is situated on the campus of Banner Desert Medical Center, home to Cardon Children’s Hospital and Banner MD Anderson Cancer Center. Primary tenants of the development include Banner Health, Tri City Cardiology and The CORE Institute (orthopedic surgeons and neurologists).

Desert Medical Plaza is owned by Lillibridge Healthcare Services (‘Lillibridge’), a wholly-owned subsidiary of Ventas, Inc. The company is recognized for creating preeminent and exceptional spaces for delivery of quality healthcare. Lillibridge has partnered with PMB Real Estate Services (‘PMBRES’) on the Desert Medical Plaza project. PMBRES is a leading full-service healthcare real estate services company that works with health systems, hospitals, medical groups, specialty providers and academic medical centers across the West Coast.

“This is a very exciting opportunity to lease a large trophy medical office portfolio on behalf of an institutional owner that has traditionally handled their leasing in-house,” says Loye. “Their decision to engage third-party leasing services speaks to the value and advantages of local market brokerage knowledge and expertise. Once this major renovation is complete, the buildings will display the qualities of a modern medical office campus, perfectly suited to meet the needs of the evolved healthcare tenant.”

About Colliers International
Colliers International (NASDAQ, TSX: CIGI) is a leading global real estate services and investment management company. With operations in 68 countries, our 14,000 enterprising people work collaboratively to provide expert advice and services to maximize the value of property for real estate occupiers, owners and investors. For more than 20 years, our experienced leadership team, owning more than 40% of our equity, have delivered industry-leading investment returns for shareholders. In 2018, corporate revenues were $2.8 billion ($3.3 billion including affiliates), with more than $26 billion of assets under management.

Learn more about how we accelerate success at corporate.colliers.com, Twitter @Colliers and LinkedIn.

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


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Julie Johnson

Executive Vice President

Phoenix

Julie Johnson, CCIM, is an executive vice president with Colliers International and an industry leader in providing comprehensive healthcare and seniors housing real estate services throughout the greater Phoenix region.

Her specific areas of specialization include single- and multi-tenant medical office buildings, surgery centers, hospitals and specialty hospitals, behavioral health facilities, and seniors housing (skilled nursing, assisted living, memory care and independent living).

She represents landlords, tenants, investors and owner/users, providing acquisition, disposition, leasing, sale/leaseback, site selection, consulting, and development services.

With extensive experience and long-standing relationships throughout the healthcare industry, Julie has a comprehensive understanding of the complex challenges of healthcare clients, enabling her to bring a unique perspective to address their individualized needs.

Clients rely on Julie’s in-depth knowledge of healthcare delivery, hospitals, providers, managed care and seniors housing to guide them in strategic real estate decisions. Additionally, her strong analytical skills in financial proformas enable her to help clients mitigate risk and maximize returns.

Recognized locally and nationally as one of the industry’s foremost thought leaders and most qualified healthcare real estate specialists, Julie serves as a valuable resource and member of her clients’ teams. She is committed to providing the highest level of service to achieve her clients’ business and real estate objectives.

Julie was one of the first brokers to specialize in healthcare, developing the unique skillset needed to serve this industry. For more than 25 years, she has been a leader in healthcare real estate and integrally involved with the growth and evolution of healthcare during her career.

Prior to joining Colliers, Julie was a principal with Avison Young and co-leader of its national healthcare practice group, tasked with growing the healthcare business line.

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Alexandra Loye

Senior Vice President

Phoenix

Alexandra Loye currently serves as a senior vice president of Colliers International Healthcare Services, Life Sciences Group and Seniors Housing Group, providing comprehensive healthcare, life sciences and seniors housing real estate services.

She represents landlords, tenants, investors and owner/users, providing acquisition, disposition, leasing, and site selection services. Her areas of specialization include medical office buildings, behavioral health, and seniors housing facilities (skilled nursing, assisted living and memory care).

Visit the Wurth-Loye Healthcare Real Estate Team website to learn more about the team's services and expertise.

Through market awareness, time-sensitive project management, aggressive and strategic negotiating tactics, and prompt communication, Alexandra assists clients in achieving commercial real estate success, while saving them time and money.

Alexandra advises owners and landlords throughout property acquisition, ownership and disposition to maximize the value of their assets. Leveraging detailed market intelligence, she identifies opportunities that help clients achieve their investment goals.

Tenants and buyers benefit from her cost-free real estate consulting services. She educates clients on the ever-changing real estate market and how to lower occupancy costs, while achieving maximum lease or purchase concessions. Alexandra evaluates market alternatives and forms strategies to meet clients’ current and future needs.

As an energetic, creative and detail-oriented professional, Alexandra prides herself on being a collaborative partner who delivers exemplary service to her clients. She is a seasoned commercial real estate advisor with more than 10 years of brokerage experience and a proven track record of success working on behalf of her clients.

Prior to joining Colliers, Alexandra was a Principal with Avison Young Healthcare Services. Previously, she was a senior associate with NAI Horizon, focused on national investment and distressed sales, and local medical office sales and leasing.

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