IRGENS ANNOUNCES LAND ACQUISITION FOR $17 MILLION SPECTRUM MEDICAL COMMONS DEVELOPMENT

Irgens – Phoenix has announced the completed acquisition of four acres of land that will soon be the site of its $17 million Spectrum Medical Commons.  The medical campus near Val Vista Drive and the 202 Santan Freeway is located immediately adjacent to Dignity Health Mercy Gilbert Medical Center.  The planned building is 65 percent pre-leased and groundbreaking is planned for this week.spectrumresize

 

Irgens will begin development with a two-story, multi-tenant building at 3367 S. Mercy Rd.  The building will contain approximately 44,000 square feet of space for lease and will feature common conference/break room facilities and outdoor patio seating for tenant staff.  This will be the first new multi-tenant medical building for lease developed in the area since 2010.

 

“The Southeast Valley has been a popular destination for expansion of medical practices,” says Jason Anzalone, vice president of development for Irgens.  “We are thrilled to begin this exciting new project, bringing the most innovative medical office building to the Gilbert area.  The state-of-the-art building brings unparalleled quality and advancement in this category of development.  We are pleased that the first tenants of the project will be moved in and seeing patients in September.”

 

The building has been designed by Devenney Architects and construction is being handled by A.R. Mays. Leasing is being handled by Michael Dupuy, Fletcher Perry and Rachael Thompson of Kidder Matthews.  John Asher of AT Real Estate represented Irgens in the land acquisition and Leroy Breinholt and Cory Sposi of CPI represented the seller.

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