Ensemble to serve as exclusive real estate advisor
Phoenix, Arizona (September 11, 2014) – Ensemble Real Estate Solutions, a Phoenix-based full-service healthcare real estate firm, has established a strategic relationship with Phoenix Children’s Hospital to serve as its exclusive real estate advisor.
“Ensemble, like most developers, has typically worked for hospitals to complete specific real estate projects and assignments. Under our new model, Ensemble is working with Phoenix Children’s Hospital. We are providing an experienced and resource-rich platform that empowers Phoenix Children’s Hospital to be more in control of its real estate needs,” said Randy McGrane, Ensemble’s CEO.
The real estate services include analytics, capital and investment strategy, market expertise, project management, tenant representation and lease administration. To begin, Ensemble is overseeing 12 leases in nine locations, totaling approximately 116,000 square feet.
In addition, Ensemble advises Phoenix Children’s Hospital on new property needs such as market analyses, site selection and lease vs. buy evaluations.
Operating as Phoenix Children’s exclusive real estate agent allows Ensemble to collect typical market fees paid by landlords or sellers, creating a fully functioning real estate department with the benefit of no overhead costs for the hospital.
“Ensemble’s deep knowledge of the industry has proven invaluable to our planning and growth,” said Dave Cottle, Vice President of Planning, Design and Construction at Phoenix Children’s Hospital. “The collaboration with Ensemble allows us to focus on what we do best – to provide hope, healing and the best health care for children and their families.”
Ensemble and Phoenix Children’s Hospital have a long-term relationship.
Last year, Ensemble developed the 35,355-square-foot Phoenix Children’s Southwest Valley Center, a specialty and urgent care center. The $14.7 million clinic in Avondale features 27 patient rooms, two treatment rooms, X-Ray, ultrasound, three infusion bays and on-site lab services.
In 2007, Ensemble developed the 30,000-square-foot Phoenix Children’s East Valley Center. The $9 million Mesa clinic features 20 exam rooms, three minor treatment rooms, two procedure rooms equipped with monitoring devices, a radiology department, an EKG machine, two code carts, two defibrillators and language translation services.
In 2003, Ensemble developed the 66,000-square-foot Rosenberg Children’s Medical Plaza, located on the campus of Phoenix Children’s Hospital. The award-winning property also includes an on-site surgery center.
About Ensemble
Ensemble Real Estate Solutions, a full service provider of healthcare real estate services, serves Arizona, Nevada and California. Ensemble’s employees have a specialized understanding of medical facilities and are committed to helping healthcare clients with their unique needs through a variety of services, including tenant/buyer representation, brokerage services, asset and property management, development and construction management, strategic consulting, acquisition and sales. Visit www.ensemblere.com.
About Phoenix Children’s Hospital
Phoenix Children’s Hospital is Arizona’s only children’s hospital that is ranked in U.S. News & World Report’s Best Children’s Hospitals. Phoenix Children’s provides world-class inpatient, outpatient, trauma, emergency and urgent care to children and families in Arizona and throughout the Southwest. As one of the largest children’s hospitals in the country, Phoenix Children’s provides care across over 75 pediatric specialties. The Hospital is poised for continued growth in quality patient care, research and medical education. For more information about the hospital, visit www.phoenixchildrens.org.
Ensemble developed the 35,355-square-foot Phoenix Children’s Southwest Valley Center, a $14.7 million specialty and urgent care center in Avondale, last year. Ensemble has established a strategic relationship with Phoenix Children’s Hospital to serve as its exclusive real estate advisor.
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