Cushman & Wakefield represents tenant in new direct lease transaction
TEMPE, Ariz. – September 27, 2024 – Cushman & Wakefield announced the firm has represented Monogram Health, the nation’s leading value-based multi-specialty provider of in-home, evidenced-based care for patients living with progressed chronic kidney disease, in a new direct lease for 26,042 square feet of Class A office space in Tempe, Arizona. Monogram Health occupies an entire floor in a 17-story office high rise at Hayden Ferry Lakeside II. The property is owned by Cousins Fund II Phoenix, LLC.
Cushman & Wakefield’s Larry Downey, Adam Madison and Taylor Hick represented the tenant in the transaction. CBRE’s Bryan Taute and Will Mask represented the owner.
“Monogram Health is a fast-growing innovator in the healthcare space and their Tempe operations hub is a significant strategic asset for the company,” said Larry Downey, Vice Chair, Tenant Advisory Services at Cushman & Wakefield. “The company was previously subleasing the space but has now secured the space on a direct basis with the landlord for five more years, reconfirming its commitment of having a robust office presence while retaining its critical operations hub in the Tempe area.”
Monogram Health employs 185 individuals across Arizona, with 105 employees based in the Tempe site. Their Tempe location houses teams in management, clinical operations, patient support services, and provider relations. The operations hub provides coverage for the western U.S. and access to key talent in the healthcare-rich Phoenix/Tempe metro area. Monogram Health has seen exponential growth since its inception in 2019. The company was recently recognized as the third fastest growing, privately owned company in the nation on Inc. Magazine’s prestigious Inc. 5000 list. Monogram Health also ranked No. 2 overall in health care services and as the No. 1 fastest growing company in Tennessee, the health care services innovation hub of the U.S.
“Establishing an operations hub in Tempe was an important and strategic decision for our company four years ago,” said Casey McKeon, Chief Operating Officer at Monogram. “Tempe’s health care as well as call center talent, especially in an area of diverse and multilingual professionals, has allowed us to build a strong call center and operations hub to support the care we deliver to patients across the country.”
Monogram Health’s Tempe space is situated in a prominent mixed-use project consisting of office, retail and residential space. The location is positioned on the south shore of Tempe Town Lake in Downtown Tempe, providing freeway access via Loop 202 and 101, and an abundance of other amenities within walking distance.
| Photo Link: Hayden Ferry.jpg (photo source – CoStar) | |
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About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for property owners and occupiers with approximately 52,000 employees in nearly 400 offices and 60 countries. In 2023, the firm reported revenue of $9.5 billion across its core services of property, facilities and project management, leasing, capital markets, and valuation and other services. It also receives numerous industry and business accolades for its award-winning culture and commitment to Diversity, Equity and Inclusion (DEI), sustainability and more. For additional information, visit www.cushmanwakefield.com.
About Monogram Health
Monogram Health is a leading value-based specialty provider of in-home evidence-based care and benefit management services for patients living with polychronic conditions, notably chronic kidney and end-stage kidney disease. The company deploys an innovative in-home care delivery model and technology-driven array of evidence-based clinical services, including complex case and disease management, utilization management, and medication therapy management to transform the way health care is delivered for those with polychronic conditions. This innovative model of care has been shown to dramatically improve patient outcomes and quality of life while reducing medical costs across the health care continuum. Based in Nashville, Tennessee, and privately held by Frist Cressey Ventures, Norwest Venture Partners, TPG Capital, as well as other leading strategic and financial investors, Monogram Health has numerous value-based partnerships with leading health plans and risk-bearing providers to care for patients across 36 states and all insurance products. To learn more about Monogram Health, ranked 2024’s No. 3 fastest growing private company in the United States, please visit here.
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