X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

PHOENIX-Physiotherapy Associates will move into an 11,028-sf office in a 10-year lease at the Biltmore Medical Mall, a four-year-old structure at 2222 E. Highland Ave. in Phoenix.

Don Arones, senior vice president with the Phoenix office of Grubb & Ellis Co., represented the tenant, which has several locations in Arizona. Physiotherapy Associates is a Memphis-based a rehabilitative care business. Its services roster includes occupational therapy, speech pathology and physical therapy.

Arones tells GlobeSt.com that one of the main reasons the building was selected it the inbound tenant’s close association with a surgical group, also a tenant in the building. Arones says the two firms considered signing a joint lease, but then decided to remain in separate offices. Physiotherapy Associates also liked the upscale atmosphere at the Biltmore Medical Mall.

Arones and Stormy Basha, also a G&E senior vice president, brokered the deal. Arones would not disclose the value of the lease.

Biltmore Investors LP, the owner of record, was represented by Julie Johnson of the Phoenix office of CB Richard Ellis Inc. The 160,000-sf building’s occupancy is riding in the mid-90% range, according to Arones.

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?

Dig Deeper

GlobeSt

Join GlobeSt

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

  • Free unlimited access to GlobeSt.com'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 ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.