Phoenix, AZ (April 14, 2016) –Newmark Grubb Knight Frank (NGKF), announces that Trisha Talbot, CCIM, and Kathleen Morgan, CCIM, both managing directors and a part of the firm’s Global Healthcare Services platform, were awarded the AZRE Sales Broker of the Year 2015. The healthcare-focused team received the covetous award for the completion last August of the largest healthcare deal in the Phoenix metro market to date – the sale of the $140 million dollar Integrated Medical Services portfolio from ownership group comprised of more than 40 physician partners to Physicians Realty Group (DOCREIT), a publically traded REIT.
“Talbot and Morgan are known in Phoenix as a real estate ‘dynamic duo’”, stated Pete Bolton, managing director for NGKF Phoenix. “When this team joined the firm – already one of the youngest and certainly the most driven real estate teams in the Phoenix metro area – they wanted to expand their platform to include selling MOBs. Just a short 18 months later, their successes include being named Broker of the Year for sales, awarded for their outstanding work on the Integrated Medical Services portfolio sale.”
The portfolio, comprised of four multi-tenant medical office buildings (MOBs) Paradise Valley IMS, North Mountain IMS Medical Building, Palm Valley Medical Office, and Avondale IMS, measure a total of 512,680 square feet. Valued at $141 million, or $347 per square foot, the sale also set a new record in the Phoenix Metro area as the highest price paid per square foot for an on-campus, multi-tenant medical office portfolio.
“This gutsy team is making waves,” added Bolton. “Known for achieving their clients’ goals and exceeding revenue expectations, Talbot and Morgan are systematically winning leasing and sales assignments for the majority of the top healthcare projects in the metro area.” The Phoenix-based duo, is marketing the exclusive listing assignment for the future Westgate Healthcare campus in Glendale, Arizona breaking ground this month.
Located off the Loop 101 freeway on the northwest corner of 99th and Glendale avenues in Glendale, Arizona, Westgate will provide a comprehensive health care campus conveniently located next to St Joseph’s Westgate Medical Center. The NGKF team represents the developer, 101 West Healthcare LLC of Phoenix, in attracting national companies and local providers to the state-of-the-art outpatient healthcare campus offering medical office buildings for lease and/or purchase, as well as build-to-suit opportunities.
About Newmark Grubb Knight Frank
Newmark Grubb Knight Frank is one of the world’s leading commercial real estate advisory firms. Together with London-based partner Knight Frank and independently-owned offices, NGKF’s 12,800 professionals operate from more than 370 offices in established and emerging property markets on six continents.
With roots dating back to 1929, NGKF’s strong foundation makes it one of the most trusted names in commercial real estate. NGKF’s full-service platform comprises BGC’s real estate services segment, offering commercial real estate tenants, landlords, investors and developers a wide range of services including leasing; capital markets services, including investment sales, debt placement, appraisal, and valuation services; commercial mortgage brokerage services; as well as corporate advisory services, consulting, project and development management, and property and corporate facilities management services. For further information, visit www.ngkf.com.
NGKF is a part of BGC Partners, Inc., a leading global brokerage company servicing the financial and real estate markets. BGC’s common stock trades on the NASDAQ Global Select Market under the ticker symbol (NASDAQ: BGCP). BGC also has an outstanding bond issuance of Senior Notes due June 15, 2042, which trade on the New York Stock Exchange under the symbol (NYSE: BGCA). BGC Partners is led by Chairman and Chief Executive Officer Howard W. Lutnick. For more information, please visit http://www.bgcpartners.com/.
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