PMB, Abrazo Health Break Ground on Phoenix-Area Facility
Abrazo Health and PMB have started construction on the Abrazo Health Litchfield Medical Building, a 46,000-square-foot health-care facility in Goodyear, Ariz. The project is expected to come online next year.
The two-story facility will mark the city’s first combination of medical offices and inpatient rehabilitation programs. Abrazo Health committed to 27,000 square feet at the building, while MedCure will occupy 5,000 square feet.
Partners on the development include architecture firm Devenney Group, general contractor Haydon and financing partner Siemens. PMB Real Estate will serve as property manager.
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Services at Abrazo Health Litchfield will include rehabilitation, internal medicine, cardiology and hospitalists. The 24 inpatient rehabilitation beds will be used for patients recovering from strokes, brain injuries, spinal cord injuries, orthopedic injuries, neurological conditions, trauma and more.
The facility is rising at 1375 N. Litchfield Road within the Palm Valley shopping center and adjacent to the Abrazo West Campus hospital. The location is close to Interstate 10 and less than 1 mile from downtown Goodyear, while downtown Phoenix is 20 miles away.
MOB subsector faces challenges
Phoenix’s MOB development pipeline in the second quarter of this year decreased to 292,000 square feet, representing 1.1 percent of total stock, a CBRE report shows. However, in the first quarter, the metro was the top market for trailing-four-quarter medical office building investment, with a sales volume of $373 million.
In June, Hammes opened Buckeye Medical Plaza, a 48,000-square-foot medical office building in Buckeye, Ariz. The project, which broke ground last year, is now leased to eight tenants.
A few months earlier, Anchor Health Properties topped out HonorHealth Medical Campus at Peoria, a 100,000-square-foot development in Peoria, Ariz. The developer started construction on the three-story facility last year and expects to complete it in early 2025.
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