The 42,000-sf structure at 5835 E. Still Circle is scheduled forcompletion in the fourth quarter. Kurt W. Rosene, senior vicepresident of national development with the Chicago-based developer,says the first building, also 42,000 sf, is fully leased and itstwin, completed last year, is half filled. The tenant rosterincludes National Academy of Sports Medicine, Awhatukee Dental Lab,Arizona School of Dentistry and Oral Health and A.T. StillUniversity.

|

"We have great activity on the rest of that one, which is whywe're moving forward on the third one," Rosene says. The park alsowill be home to the 65,000-sf Mesa Specialty Hospital, which AlterGroup will develop as a build-to-suit in 2009.

|

Rosene tells GlobeSt.com that 25 acres remain for development,confiding talks are under way with several specialty hospitals foranother build-to-suit. In addition, he says there's still enoughroom for another speculative office building. He estimates theremainder of the park will be built out by 2010.

|

Jerry McCormick, a CB Richard Ellis first vice president inPhoenix, has the leasing assignment for the new building. The quoteis $30 per sf, gross. Rosene says the building could be used foroffices or an ambulatory surgery center, complete with a radiologyor imaging component.

|

The entire Arizona Health & Technology Park is 130 acres atthe junction of Baseline and Recker roads. Nashville-based VanguardHealth Systems Inc. owns 80 acres, where it plans to build ahospital beside Alter Group's acreage.

Want to continue reading?
Become a Free ALM Digital Reader.

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications
NOT FOR REPRINT

© 2024 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.