Cushman & Wakefield 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.

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. The properties were acquired by 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 center is anchored by HonorHealth, Abrazo Healthcare and Prosano (BlueCross BlueShield).

The post RX Health Trust Pays $48M for Mesa Medical Center appeared first on Connect CRE.

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