Navigation Links
Ensemble Healthcare Properties Purchases North Valley Medical Plaza
Date:3/18/2010

Ensemble Healthcare Properties adds another 81,000 SF to its portfolio and plans $500,000 in improvements to the property. Management and leasing for the property will be handled by Ensemble DevMan of Arizona.

Phoenix, AZ (PRWEB) March 18, 2010 -- Ensemble Healthcare Properties (an affiliate of locally based Ensemble DevMan of Arizona) in a joint venture with Universal Health Realty Income Trust has announced the acquisition of the 81,000 SF North Valley Medical Plaza located on the campus of Paradise Valley Hospital in Phoenix, Arizona. The three-story building, built in 1992, was the first medical office building located on the Paradise Valley Hospital campus and has historically enjoyed excellent occupancy. Currently the property offers some excellent space opportunities for tenants of various sizes.

Ensemble DevMan of Arizona will manage and lease the property. Randy McGrane, Managing Director for Ensemble, commented, "We believe this project represents the best value and opportunity for medical tenants looking to locate in the Paradise Valley submarket. North Valley has timeless architecture, excellent public space and is the only building on campus with underground, secured parking and direct access to the hospital via a covered walkway. We are very confident that the building's occupancy will grow and stabilize under our watch and as the overall market conditions improve. We are excited to add this asset to our portfolio."

Ensemble owns and operates a portfolio of medical office buildings totaling nearly 3 million square feet in 5 states. Included in that portfolio locally is Desert Valley Medical Plaza directly across the street from Paradise Valley Hospital. Judy Klein, Associate Partner and Asset Manager for Ensemble's Arizona portfolio added, "having these two properties [Desert Valley and North Valley in the same market will allow us to cross market to tenants who want either a one-story garden-style project, or an on-campus low-rise project.

"The building has suffered from some neglect, so we will begin immediately on a series of improvements. North Valley's bones are excellent!" Ensemble states that plans to invest approximately $500,000 to address building issues and aesthetics are in the works. In addition they are investigating making this a showcase for a solar conversion.

For leasing information contact Tracy Altemus, Associate Partner Brokerage Services, at 602-277-8558.
Ensemble DevMan of Arizona is a full-service healthcare real estate company providing asset management, development, property management, leasing and sales services. The firm employs over 100 people and is headquartered in Phoenix, Arizona. Ensemble DevMan's nearly 3 million square foot service portfolio includes over 100 properties located in Arizona, Nevada, California, Washington and Texas. For more information, please visit our website.

###

Read the full story at http://www.prweb.com/releases/2010/03/prweb3393164.htm.


'/>"/>
Source: PRWeb
Copyright©2010 Vocus, Inc.
All rights reserved  

Related medicine news :

1. Elephant Ensemble Theater Brings New Production to Bronx Hospitals
2. Elephant Ensemble Theater Launches New Tour at the Ronald McDonald House in Long Island
3. AtriCure to Present at Thomas Weisel Partners 2007 Healthcare Conference
4. BD to Present at the Bear Stearns 20th Annual Healthcare Conference
5. ATS Medical to Present at the 2007 Thomas Weisel Partners Healthcare Conference
6. Dr. Paul Bandt Celebrates 35th Anniversary With Desert Radiologists and a History of Healthcare in Las Vegas
7. Omnicell to Present at Thomas Weisel Healthcare Conference 2007
8. MDS to Present at Thomas Weisel Partners Healthcare Conference
9. Hospira to Present at the Bear Stearns 20th Annual Healthcare Conference on September 11
10. AMICAS to Present at Thomas Weisel Partners Healthcare Conference 2007
11. Mettler-Toledo International Inc. Announces Webcast of Presentation at Thomas Weisel Partners 2007 Healthcare Conference
Post Your Comments:
*Name:
*Comment:
*Email:
Related Image:
Ensemble Healthcare Properties Purchases North Valley Medical Plaza 
(Date:2/5/2016)... , ... February 05, 2016 , ... At its annual ... Patrick McDermott as Chairman of the National Board of Directors. Mr. McDermott succeeds former ... the Board,” stated Leslie A. Chambers , APDA President and CEO. “Pat has ...
(Date:2/5/2016)... ... 05, 2016 , ... Dr. Ben Amini, a San ... welcoming orthodontist, Dr. Amanda Cheng, to the practice. With the addition of services ... including general dentistry, cosmetic treatments, periodontics, implant dentistry , endodontics, orthodontics and ...
(Date:2/5/2016)... ... February 05, 2016 , ... Health and wellness is a topic ... in the event they are experiencing an illness. Migraines are a severe form of ... afflicted with migraines would not wish the pain on their worst enemy, the feeling ...
(Date:2/5/2016)... , ... February 05, 2016 , ... Calls Blacklist has ... completely new user interface design and the developer has fixed known bugs within the ... want to on their phone while not consuming any of their device’s battery power ...
(Date:2/5/2016)... ... February 05, 2016 , ... Susan Polk Health Insurance Company recently ... expect to see in 2016. To view the report, see below, or visit ... many San Luis Obispo seniors who rely on Medicare health insurance and whose monthly ...
Breaking Medicine News(10 mins):
(Date:2/5/2016)... , Feb. 5, 2016 ... addition of the "Global Obstetrics Partnering ... company profile to their offering. --> ... of the "Global Obstetrics Partnering 2010-2016: ... profile to their offering. --> ...
(Date:2/4/2016)... 2016 Worldwide Radiology Oncology surgical robot ... next generation systems provide a way to improve ... surgery. New systems pinpoint the delivery of radiation ... such a problem previously, limiting the quantity of ... cancer surgery far beyond what has been available, ...
(Date:2/4/2016)... -- Montoya Love is recognized by Continental Who,s Who as ... is the Regulatory Systems Operations Manager with Becton ... Manufacturing and selling a broad range of medical ... institutions, clinical laboratories and life science researchers with the ... An ...
Breaking Medicine Technology: