Mesa, Ariz., June 10, 2026 – Cushman & Wakefield announced today that the real estate services firm has arranged the $48 million sale of Stapley Medical Center, a two-building, 181,710-square-foot medical office campus in Mesa, Arizona. The property is located at 1840 and 1910 S. Stapley Drive within Mesa’s premier healthcare corridor along US 60 (Superstition Freeway) between two major hospital campuses.
Travis Ives, Gino Lollio and Tyler Morss with C&W’s Healthcare Capital Markets Team collaborated with Chris Toci and Eric Wichterman of C&W’s Phoenix office representing the seller, a joint venture partnership between Harbert Management Corporation and Cypress Office Properties, LLC. The properties were acquired by Chicago-based RX Health & Science Trust (RXHST).
Harbert and Cypress acquired Stapley Medical Center in June 2021 for $37 million. C&W advised the seller on that transaction as well. During their hold, Harbert and Cypress consummated over 60,000 square feet of new medical tenant leasing, positioning the property for a successful sale.
“The transaction reflects sustained investor demand for value-add medical office assets in high-growth Sun Belt markets,” said Ives. “With strong leasing momentum and a clear path to stabilization, Stapley Medical Center presented a compelling value-add opportunity for RXHST to continue to expand their outpatient portfolio in a market they know well.”
Anchored by leading providers including HonorHealth, Abrazo Healthcare and Prosano (BlueCross BlueShield), the campus serves a diverse mix of specialties. Located just off US 60 (Superstition Highway) along Stapley Drive, the property is positioned at the “Gateway to Gilbert”, an affluent neighboring suburb to the south of Mesa. The location providers strong visibility, accessibility, and proximity to major hospitals and transportation routes.
About Cushman & Wakefield
Cushman & Wakefield (NYSE: CWK) is a leading global commercial real estate services firm for occupiers and investors with approximately 53,000 employees in over 350 offices and nearly 60 countries. In 2025, the firm reported revenue of $10.3 billion across its core service lines of Services, Leasing, Capital markets, and Valuation and other. Built around the belief that Better never settles, the firm receives numerous industry and business accolades for its award-winning culture. For additional information, visit www.cushmanwakefield.com.
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