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7/05/16
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Woodside Health/Crescendo Commercial recently closed on the acquisition of Arrowhead Medical, an 11-building, 69.9k sf complex of all single-story buildings in Glendale, AZ, in a $10.94 mil deal. The asset is located at 7200 W. Bell Rd, west of I-17.
Built between 1998 and 2006, Arrowhead Creekside is home to 20 tenants, most of which are in the medical, health and human services field. The purchase represents the first acquisition and entry into the Phoenix market for Woodside Health.
Kathleen Morgan, CCIM, and Trisha Talbot, CCIM, of NGKF, along with GHS brokers Todd Perman, CCIM, Garth Hogan and Dana Hamric, represented the buyer. The seller, IX CW 7200 West Bell Road L.P., was repped by Cushman & Wakefield’s Eric Wichterman, Mike Coover and Ray Harris.
Arrowhead Medical is the 18th acquisition for Woodside Health. The Cleveland-based medical office building acquisition and management firm has medical and health-related properties in Florida, Michigan, North Carolina, Ohio, and Texas. Woodside Health is under contract to acquire additional properties.
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