MESA, AZ-A Madison, WI-based developer is preparing to pay north of $20 million for 60 acres in anticipation of future demand for medical office and traditional office space. T. Wall Properties’ tentative plan calls for roughly 200,000 sf of medical office space, a couple limited-service hotels and an undetermined amount of back-office and class A office buildings.

“This property is contiguous to what will be Banner Medical’s flagship hospital for the entire East Valley,” explains Brent Moser, executive vice president of Phoenix-based Grubb & Ellis BRE/Commercial LLC. He says T. Wall Properties put a bid on the land at US Hwy. 60 and Greenfield Road after a previous offer fell out of escrow for the seller, Robert Christ II and Paul Skogebo of Mesa.

Moser tells that the acquisition will close in late July, but T. Wall Properties already has plans to sell about 10 to 15 acres to medical office developers and some additional land to hotel developers. He says the buyer will keep back about 40 acres to build class A and back-office space.

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

Once you are an ALM digital member, you’ll receive:

  • 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

*May exclude premium content
Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join now!

  • Free unlimited access to's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.