JLL Capital Markets facilitated the successful sale and financing of an 80,315 square foot portfolio of outpatient medical buildings in Phoenix’s east valley. The $32 million sale was made to Stockdale Partners, while the $25 million financing was secured for the buyer by JLL.
The portfolio comprises three Banner Health Centers located in Mesa, Gilbert and Queen Creek, Arizona. These properties were built between 2013-2014 to meet the growing demand for healthcare services in this area. All three centers are fully occupied by Banner Health – a leading nonprofit healthcare system known for its outpatient care facilities.
JLL acted as representative for both parties involved – representing seller Banner Health and procuring buyer Stockdale Capital Partners. Additionally, JLL assisted Stockdale Capital Partners with obtaining acquisition financing through their Medical Properties Group Investment Advisory Sales team led by Mindy Berman and their Debt Advisory team led by John Chun.
This recent transaction marks another success story from JLL’s expertise in navigating complex deals within the medical real estate market.
