FOR IMMEDIATE RELEASE
The 11,300 s.f. facility will be occupied in a joint venture between Banner Health and Atlas Healthcare Partners
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MESA, Ariz., and DENVER, Feb. 20, 2020 –National healthcare real estate developer NexCore Group has acquired a Phoenix-area ambulatory surgery center (ASC) property in partnership with the Chicago-based investment management firm Harrison Street.
Built in 2000, the one-story, 11,308-square-foot medical office building (MOB) occupies a 1.17-acre lot at 2626 E. University Drive in the southeast Phoenix suburb of Mesa.
The off-campus ASC will be occupied and operated in a joint venture between Banner Health and Atlas Healthcare Partners, a Phoenix-based developer and manager of outpatient surgery centers.
“We are pleased to add this mission-critical, hospital-affiliated asset to our portfolio,” says Todd Varney, chief development officer and managing partner of Denver-based NexCore. “This facility both adds to our growing portfolio of Phoenix-area investments and expands our already productive relationship with Banner Health.”
Harrison Street and NexCore Group also recently broke ground for the three-story, 127,243-square-foot Banner Health Center in the northwest Phoenix suburb of Glendale.
About Harrison Street
Harrison Street is one of the leading investment management firms exclusively focused on alternative real assets. Since inception in 2005, the firm has created a series of differentiated investment solutions focused on demographic-driven, needs-based assets. The firm has invested across senior housing, student housing, healthcare delivery, life sciences and storage real estate as well as social and utility infrastructure. Headquartered in Chicago with an office in London, the firm has more than 150-employees and approximately $24.8 billion in assets under management. Clients of the firm include a global institutional investor base domiciled in North America, Europe and Asia. For more information, please visit www.harrisonst.com.
About NexCore Group LLC
NexCore Group develops healthcare facilities for hospitals, health systems and physicians. NexCore solves complex real estate challenges through innovative building solutions and creative financial structures. In a rapidly changing healthcare industry, NexCore has the superior expertise to deliver quality environments and flexible spaces that help grow your business, lower expenses and mitigate risk. Over the past 25 years, NexCore has developed and acquired a total of 11.1 million square feet of health care facilities across the country. The company has been recognized repeatedly as one of the Top Healthcare Real Estate Developers in the U.S. by Modern Healthcare magazine. NexCore is headquartered in Denver, and as the company continues to grow so does its geographic reach. Over the last several years, NexCore has opened regional offices in Chicago; Bethesda, Md.; Portland, Ore.; Dallas; Orlando, Fla.; Laguna Niguel, Calif.; and Indianapolis. For more information, please visit NexCoreGroup.com. Contact: Kirstin Barbour, Marketing Director, 303-293-0693.
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Media Contact: Kirstin Barbour, NexCore Group ▪ 303.293.0693 ▪ Kirstin.Barbour@NexCoreGroup.com
The 11,300 s.f. facility will be occupied in a joint venture between Banner Health and Atlas Healthcare Partners
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