News Release: Placement of Debt – St. Mary’s Medical Pavilion

CBRE Capital Markets | Healthcare

CBRE U.S. Healthcare Capital Markets is pleased to announce the placement of debt for St. Mary’s Medical Pavilion (the “Project”), located in Tucson, Arizona. Sabrina Solomiany, Chris Bodnar, Lee Asher, Ryan Lindsley and Jordan Selbiger acted as the exclusive advisors to Pacific Medical Buildings (PMB).

Debt Placement

CBRE U.S. Healthcare Capital Markets secured construction financing with the option to convert to permanent debt at completion. Floating rate loans were available with interest only at an aggressive spread for the construction and permanent debt. The borrower was able to capitalize on an aggressive market with significant interest from lenders.

St. Mary’s Medical Pavilion is a two-story, ±54,456-rentable square foot medical office building currently under construction on the campus of the 400-bed Carondelet St. Mary’s Hospital. Construction commenced on September 9, 2019 with an estimated completion in the third quarter of 2020. The Project is currently 68% pre-leased to five tenants – Carondelet Medical Group (±23,000 RSF), (MHC) Marana Health (±4,600 RSF), The Oncology Institute of Hope & Innovation (±4,700 RSF), Sonora Quest Labs (±2,800 RSF) and Grossman & Grossman (±1,800 RSF).

For more information, or if we can help with your healthcare real estate holdings, please contact us.

For more information, please contact:

SABRINA SOLOMIANY
First Vice President
Debt & Structured Finance
+1 404 536 5054

CHRIS BODNAR
Vice Chairman
Investment Properties
+1 303 628 1711

LEE ASHER
Vice Chairman
Investment Properties
+1 404 504 5965

RYAN LINDSLEY
Senior Director
Investment Properties
+1 303 628 1745

JORDAN SELBIGER
Director
Investment Properties
+1 404 923 1259

 

 

 

 

 

 

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SABRINA SOLOMIANY First Vice President Debt & Structured Finance +1 404 536 5054 CHRIS BODNAR Vice Chairman Investment Properties +1 303 628 1711 LEE ASHER Vice Chairman Investment Properties +1 404 504 5965 RYAN LINDSLEY Senior Director Investment Properties +1 303 628 1745 JORDAN SELBIGER Director Investment Properties +1 404 923 1259     Connect to Deal Flow, connect to the world. Browse thousands of CBRE properties for sale. Register investment preferences. VISIT CBRE DEAL FLOW CBRE Capital Markets research and insights. Personalized for your inbox. JOIN OUR MAILING LIST Join CBRE Healthcare Capital Markets Mailing List Subscribe to our monthly eNews and quarterly Medical Investor Update Newsletter with the most recent industry news and market analysis. JOIN HEALTHCARE CAPITAL MARKETS MAILING LIST     www.cbre.us/cm-healthcare   To unsubscribe visit: https://cbreemail.com/ro/ff012286f210042fa7b5d47cc240b4c550fb7bf4 You may also unsubscribe by calling toll-free +1 877 CBRE 330 (+1 877 227 3330). Please consider the environment before printing this email. CBRE respects your privacy. A copy of our Privacy Policy is available online. If you have questions or concerns about our compliance with this policy, please email PrivacyAdministrator@cbre.com or write to Attn: Marketing Department, Privacy Administrator, CBRE, 200 Park Ave. 19-22 Floors, New York, NY 10166. Address: 1225 Seventeenth Street, Suite 3200, Denver CO 80202 THIS IS A MARKETING COMMUNICATION © 2020 CBRE, Inc. All rights reserved. This information has been obtained from sources believed reliable, but has not been verified for accuracy or completeness. Any projections, opinions, or estimates are subject to uncertainty. The information may not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property and verify all information. Any reliance on this information is solely at your own risk. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its affiliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited.