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News Release: Mindy Korth with Colliers in Arizona negotiates investment sale

Phoenix, September 24, 2019 – Sonoran Desert Surgery Center, fully occupied by The Pain Center of Arizona, at 895 S. Dobson Road in Chandler, Arizona, was sold to an Arizona investor.

“This well-positioned property is located a quarter-mile south of the Chandler Regional Medical Center and is the area’s only off-campus outpatient surgery center for general surgery,” says Mindy Korth with Colliers International in Arizona. “The surgery center’s outstanding location, desirable configuration and size, and proximity to the hospital make a great investment opportunity to the buyer.”

Korth, executive vice president with Colliers International in Arizona, represented 895 Dobson LP, an Arizona limited partnership based in North Vancouver, BC Canada, in the sale transaction. Korth also represented the partnership in its 2014 acquisition of the property. Keith Ricker of WRS International represented the purchaser.

The Class A ambulatory surgery center and medical clinic building was built in 2008. Constructed on a 1.26-acre site, the building contains two Class C ORs, a procedures room, clinic space and expansion room at below-market rental rates.

About Colliers International
Colliers International (NASDAQ, TSX: CIGI) is a leading global real estate services and investment management company. With operations in 68 countries, our 14,000 enterprising people work collaboratively to provide expert advice and services to maximize the value of property for real estate occupiers, owners and investors. For more than 20 years, our experienced leadership team, owning more than 40% of our equity, have delivered industry-leading investment returns for shareholders. In 2018, corporate revenues were $2.8 billion ($3.3 billion including affiliates), with more than $26 billion of assets under management.

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.

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