 |
| Mindy Berman |
PHOENIX, AZ, Oct. 2, 2023 – JLL Capital Markets, Medical Properties Group, announced today that it arranged the $23.3 million sale of Ironwood Medical Pavilion II, an on campus 61,302 square foot medical office building in Queen Creek, Arizona, within Phoenix’s Southeast Valley.
 |
| Evan Kovac, |
The JLL Capital
Markets Investment Sales and Advisory team was led by Senior Managing Directors
Evan Kovac, John Chun, Mindy Berman and Director Matt
Dicesare, of the Medical Properties Group, and locally by Senior Managing
Director Ben Geelan and Senior Director Will Mast.
Delivered in 2019, Ironwood Medical Pavilion
II is 99% leased to a variety of highly specialized medical practitioners and
anchored by Banner Health, Arizona’s largest health system and the largest
employer in the state of Arizona.
The property is located on the campus of
Banner Ironwood Medical Center. Queen Creek is a rapidly growing suburb of
Phoenix that has seen a substantial influx of new residents, resulting in a
population forecasted to grow 76% over the next 10 years.
 |
| John Chun |
The firm's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether investment sales and advisory, debt advisory, equity advisory or a recapitalization.
The firm has more than 3,000 Capital Markets
specialists worldwide with offices in nearly 50 countries.
For more news, videos and research resources, please
visit JLL’s newsroom.
About Ryan
Companies
Founded
in 1938, Ryan Companies offers comprehensive commercial real estate services as
a national developer, designer, builder, capital markets advisor and real
estate manager with a focus on creating places for people to thrive.
Ryan
work spans a wide range of sectors and product types including healthcare,
hospitality, industrial, mixed-use, multifamily, office, retail, and senior
living.
Matt Dicesare
Built
on the foundation of integrity, honesty and community, Ryan has grown to more
than 1,800 team members in 17 offices and has completed projects in nearly
every state.
About Plaza Companies
Plaza Companies, based in Peoria, Arizona, is an esteemed leader in the developing and managing of medical office and commercial office properties, technology and bioscience facilities, mixed-use properties and senior housing communities.
 |
| Ben Geelan |
About JLL
For over 200 years, JLL (NYSE: JLL), a leading global commercial real estate and investment management company, has helped clients buy, build, occupy, manage and invest in a variety of commercial, industrial, hotel, residential and retail properties.
 |
| Will Mast |
Driven by our purpose to shape the future of
real estate for a better world, we help our clients, people and communities SEE
A BRIGHTER WAYSM. JLL is the brand name, and a registered trademark,
of Jones Lang LaSalle Incorporated. For further information, visit
CONTACT:
Alli Semans
PR, Hotels & Hospitality,
Capital Markets
JLL
M +1 330 329 6750
ryancompanies.com.
