The Phoenix Kidder Mathews healthcare team represented the landlord in long-term leases at a repurposed Maytag appliance store in Goodyear that will be occupied by four healthcare tenants.
The team of Senior Vice Presidents Michael Dupuy and Tyler Smith and Vice President Rachael Thompson negotiated the long-term lease on behalf of Whiteboard Development Company, LLC, Principal Colin Brown, a locally- and family- owned real estate office.
Kidder Mathews fully leased Cornerstone Medical Center, 13481 W. McDowell Road, just 14 months after its purchase. Tenants include Cigna, ResCare, Valley Sleep Center and the Center for Autism and Related Disorders (CARD).
“The redevelopment vision for Cornerstone Medical Center was inspired by the concept of ‘connectivity,’” Brown said. “The Whiteboard objective was to create a distinctive project with energized and connected space to attract and inspire lead health and wellness companies committed to provide innovative healthcare services for Goodyear’s community as well as the entire West Valley.
“The vision, execution and positive community impact would not have been possible without the support and efforts of the City of Goodyear, project design and construction team, Kidder Mathews and local community partners,” Brown said.
Cornerstone Medical Center is an approximately 20,235 RSF building being repurposed for a medical use from a retail use. Exterior renovations include “reskinning” the building and a new window package. The stand-alone, former Maytag store sat empty for 18 months before Whiteboard Development purchased and partnered with the City of Goodyear to reconfigure it to accommodate healthcare use.
“Thank you to Whiteboard Development Company for its creative vision and adaptive reuse of a former retail building, which sits in the heart of the Goodyear Medical Innovation Corridor,” said Goodyear Mayor Georgia Lord. “Kidder Mathews’ assistance also played a pivotal role in bringing first-class tenants to this facility, expanding the vast range of medical and healthcare services to our rapidly growing community. We look forward to more exciting opportunities this extraordinary partnership will bring in the near future.”
Cornerstone Medical Center also includes a tenant entry floating shade trellis and an updated comprehensive sign plan to best maximize tenant exposure as well as better direct patron traffic.
The asset is strategically located at the cornerstone of one of the West Valley’s fastest growing communities. It offers a quick two-minute drive to the I-10 freeway, providing easy access to housing, entertainment and retail amenities.
“It was a pleasure working with Colin Brown and the City of Goodyear to get Cornerstone Medical Center fully leased,” Thompson said. “Even in our current climate, well-located and well-positioned healthcare product continues to be in demand.”
The Abrazo West Campus is located within walking distance and the project is not encumbered with any use restrictions.
The tenants were represented by Bryce Terveen, CBRE (Cigna and ResCare); Eric Campos, Benchmark Commercial (Valley Sleep Center); and Brian Forster, Pacific Partners Commercial (CARD).
About Kidder Mathews
Kidder Mathews is the largest independently owned commercial real estate firm on the West Coast with more than 700 real estate professionals and staff in 21 offices in Washington, Oregon, California, Nevada, and Arizona. Kidder Mathews offers a complete range of brokerage, appraisal, property management, consulting, project and construction management, and debt and equity finance services for all property types. It performs $7 billion in transactions, manages more than 51 MSF of space, and conducts more than 1,500 appraisals annually. For more information visit http://kiddermathews.com/locations/phoenix.php.