SAN TAN VALLEY, Ariz. (March 18, 2025) – Kraus-Anderson Phoenix has begun construction on Terraza Medical Village located at 40245 N. Gantzel Rd in San Tan Valley, Pinal County, Ariz. The developer is Mesa-based Tri-City Cardiology Consultants Real Estate Holding Company, which works with East Valley hospitals to bring state-of-the-art diagnostic, treatment and preventative services to one of the fastest growing areas in the state.
Tri-City Cardiology will be the first medical provider in the 12-acre campus, which when complete will include five class “A” medical office buildings that are a combined total of 100,000 square feet.
Designed by TriArc Design and Architectural Services, the $45 million project for Tri-City Cardiology will feature a two-story, 20,000-square-foot building. Kraus-Anderson also will begin construction on a 9,740-square-foot building for a future tenant. Construction is expected to be completed in May of 2026.
The construction timeline for the remaining three buildings has not yet been finalized.
Specifically designed by doctors for doctors and patients, Terraza Medical Village includes ample parking, attractive outdoor amenities and environmentally friendly electric vehicle charging stations.
In early 2024, Kraus-Anderson Construction Company (KA) acquired Phoenix-based Sonoran Crest Construction, a 20-year-old firm with an established brand and healthcare presence in the southwest U.S. Through market sector diversification and geographic expansion, the acquisition will expand KA’s growth in the southwest U.S., the fifth largest construction market in the country and a national hub for the healthcare industry, one of KA’s largest building units. In addition to healthcare, KA brings to the region a vast portfolio in numerous building sectors, including education, commercial, hospitality, offices, retail, housing and mixed-use developments, as well as deep experience with buildouts and special projects.
In the fall of 2024, KA completed Virtuous Health’s Ambulatory Surgery Center in Tempe, Ariz.
About Kraus-Anderson Companies
Established in 1897, Kraus-Anderson (www.krausanderson.com) is an integrated construction management, real estate and risk management enterprise working independently and in collaboration with a family of companies, including insurance, finance and realty operations. Kraus-Anderson, an Equal Opportunity & Affirmative Action employer, is headquartered in Minneapolis, Minn. and has regional offices in Madison and Milwaukee, Wis., Bismarck and Fargo, N.D., Duluth, Bemidji and Rochester Minn., Des Moines, Iowa and Phoenix, Ariz. (Arizona license No. ROC102058).
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