News Release: Cushman & Wakefield Arranges Nearly $20 Million Acquisition Financing for Edwards Professional Park in Scottsdale

Tyler Morss of Cushman & Wakefield’s Healthcare Capital Markets Team led the assignment representing Albany Road, a Boston-based private equity real estate investment firm, in securing financing through a regional bank.

Located at 10752 N. 89th Place and 8952 E. Desert Cove Avenue, Edwards Professional Park I & II are strategically positioned in Central Scottsdale, one of the strongest-performing medical office submarkets in the Phoenix metropolitan area. The buildings are currently 91% leased to 47 medical and healthcare-related tenants. Approximately 98.7% of the occupied space is dedicated to healthcare uses, including dentistry, orthopedics, gastroenterology, dermatology, behavioral health, physical medicine, infusion therapy and aesthetic medicine practices.

The portfolio benefits from direct access to Loop 101 and Shea Boulevard and is located just one block south of the 427-bed HonorHealth Scottsdale Shea Medical Center, one of Arizona’s highest-volume acute care hospitals. The properties also sit within the Scottsdale Cure Corridor, a leading healthcare and life sciences hub that continues to attract investment, innovation and high-skilled employment throughout the region.

“Edwards Professional Park presents a strong investment opportunity given its established tenancy, robust healthcare focus and strategic location adjacent to one of Arizona’s premier medical campuses,” said Morss, Cushman & Wakefield Director. “The financing structure we secured provides Albany Road with an attractive capital solution that supports its long-term investment strategy while capitalizing on the continued growth and demand for outpatient healthcare real estate in Scottsdale.”

Cushman & Wakefield’s Healthcare Capital Markets Team consists of Travis Ives (San Diego), Gino Lollio (Chicago) and Tyler Morss (New York). The team is focused exclusively on investment sales as well as equity, debt and structured finance for healthcare real estate across the U.S. Their clients include investors, developers and occupiers of medical office buildings, inpatient rehabilitation hospitals and other specialty care facilities.

About Albany Road
Albany Road Real Estate Partners (“Albany Road”) is a private equity real estate firm founded in 2012. To date, they have raised over $1.1B of capital and have acquired $2.5B of opportunistic, middle-market real estate across the Northeast, Sunbelt, and Mountain West regions. Albany Road is focused on delivering attractive, tax-advantaged, risk-adjusted current and total returns by utilizing various, albeit complementary, investment strategies and distinctive competitive differentiators to accomplish this mission. They are headquartered in Boston with offices in Nashville and Dallas, allowing us to source, acquire, and manage our real estate at the local level.