VHS Phoenix Health Plan Inc. oversees insurance benefits at local hospitals. It recently opened corporate offices in Phoenix and plans on remaining at Central Park Forest due to the property's park-like atmosphere, say officials.
The midtown area boasts a 14% vacancy and is among the Valley's highest for available sublease office space, which by calculations takes the rate to a whopping 17%.
Central Park Forest is just south of Thomas Road. The Squaw Peak Parkway is less than two miles to the east and downtown Phoenix is about four miles to the south.
Amy Schupp of the Phoenix office of CB Richard Ellis handled the transaction on behalf of building owner, SOFI IV-SPM Portfolio V LLC of Phoenix. Bill Blake of Lee & Associates' Phoenix office acted on the tenant's behalf.
© 2025 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
