The Small Space Marketplace

List Your Space

Find Space

Home About Us Executive Subscriber Membership RENTV Conferences Newsletter Contact Us Advertise
June 24, 2019
 Search RENTV
 Video Programs
News Home Page
Southern California
Northern California
Pacific Northwest
Prop. Management
Press Releases
 R. E. Marketplace
Service Providers
Property Spotlight
 RENTV  Conferences
Subscriber Login:
Forgot Password?

ETC... ETC...
Printer-friendly Version   Email an Associate
MedImpact Healthcare Systems Buys Tempe Industrial/Flex Property for Expansion


San Diego-based MedImpact Healthcare Systems Inc purchased Ocotillo Business Center, a 102.7k sf, industrial/flex property in Tempe, AZ, for $12.6 mil ($123/sf).

Ocotillo Business Center is a three-building complex located at 7910, 7970 and 8060 S. Kyrene Rd, along the west side of Kyrene Rd and just south of Elliot Rd. The three buildings are each 18.2k sf, 37.7k sf and 46.7k sf in size.

MedImpact already owns the building immediately south at 8150 S Kyrene Rd, which serves as their Southwest Regional Operations Center. MedImpact plans to expand into 8060 S. Kyrene Rd, and will continue to lease out the other two buildings. MedImpact is also planning to use the area between 8150 and 8060 S. Kyrene Rd to develop a multi-level parking garage with more than 400 parking spaces.

Bob Buckley, Tracy Cartledge, and Steve Lindley of Cushman & Wakefield’s Phoenix office negotiated the transaction on behalf of the seller. Jackie Orcutt, John Grady and Jonathan Teeter of CBRE represented the buyer, an independent pharmacy benefit manager.

“MedImpact was a natural buyer for the three buildings, which provides them the flexibility to control their long-term real estate needs,” said Buckley.

Return to the Archive page



Home | About Us | Newsletter | Contact Us | Executive Subscriber Membership | Executive Subscriber Home | Advertise
Southern California | Northern California | Pacific Northwest | Southwest | Retail | Multifamily | Financing | Property Management
Archives | Press Releases | Service Providers | JobWorks | Property Listings

Copyright © 2019 by RENTV, All Rights Reserved
Website designed by Regency Web Services, Inc. and powered by Lightning Media