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6/11/26
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Chicago-based RX Health & Science Trust has acquired Stapley Medical Center, a two-building, 181.7k sf medical office campus in Mesa, AZ, for $48 mil, or $264/sf. The property is located at 1840 and 1910 S. Stapley Dr within Mesa’s premier healthcare corridor along US 60 (Superstition Freeway), between two major hospital campuses.
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 Dr, 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.
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 in representing the seller, a joint venture partnership between Harbert Management Corporation and Cypress Office Properties LLC.
Harbert and Cypress acquired Stapley Medical Center in June 2021 for $37 mil. C&W advised the seller on that transaction as well. During their hold, Harbert and Cypress consummated over 60k sf 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.”
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