• .
    .

News Release: Desert Mirage Medical Plaza Signs Two New Long-Term Leases

North West Valley Medical Complex Attracts Multiple Offers for Space

Phoenix,  March 17, 2020 –  Loye and Johnson of Colliers represent Boomerang Capital Partners Mesa, AZ (Principal Allen Marsh) in two new long-term leases totaling 27,204 SF at Desert Mirage Medical Plaza, located at 12361 W. Bola Dr. in Surprise, bringing the project to 95 percent occupancy.

Desert Mirage Surgery Center who will occupy the second-generation ambulatory surgery center comprised of 4 operating rooms in 11,196 square feet of the 37,424 square foot medical office project. Physician United Medical Clinic signed a lease for 16,008 SF of medical office space.  The tenants are both entities formed by Kishlay Anand, MD.

“As the only second-generation Ambulatory Surgery Center in the Northwest Valley, the property immediately drew a tremendous amount of leasing activity and attracted three different tenants vying for the space. Ultimately, we were able to secure a tenant to lease both the medical office and ASC space which produced the best outcome for our client, Boomerang Capital, and stabilized the property with an excellent operator for the long term”, comments Loye.

Alexandra Loye and Julie Johnson of Colliers International in Arizona represented the landlord, Boomerang Capital Partners, in the lease negotiations.  J.T. Taylor of Orion Investment Real Estate represented the tenants.

“We are excited to be working with Dr. Anand and to have completed these leases with him and his companies.  Alexandra and Julie and the rest of their team have done an excellent job in implementing and executing on the marketing plan put into place to make this investment all come together.  We look forward to working with them on future leases and marketing assignments.” comments Allen Marsh

Boomerang Capital Partners of Mesa acquired Desert Mirage Medical Plaza in October of 2019.  The property was just 33 percent leased at the time of the acquisition.  Loye and Johnson, as exclusive leasing agents for the property, have increased occupancy at the project from 33 percent to 95 percent in just 5 month’s of listing the property.

— End –

About Colliers International
Colliers International (NASDAQ, TSX: CIGI) is a leading real estate professional services and investment management company. With operations in 68 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to maximize the value of property for real estate occupiers, owners and investors. For more than 25 years, our experienced leadership, owning approximately 40% of our equity, has delivered compound annual investment returns of almost 20% for shareholders. In 2019, corporate revenues were more than $3.0 billion ($3.5 billion including affiliates), with $33 billion of assets under management in our investment management segment. Learn more about how we accelerate success at corporate.colliers.com, Twitter @Colliers and LinkedIn.

Colliers International in Arizona has served clients locally and globally for more than 35 years.

The full content of this article is only available to paid subscribers. If you are an active subscriber, please log in. To subscribe, please click here: SUBSCRIBE

Existing Users Log In