Developer Irgens continues medical office building momentum in Phoenix
Milwaukee Business Journal
Irgens’ office in Arizona has bought four acres of land with plans to develop a $17 million medical office building in the town of Gilbert, Ariz., southeast of Phoenix.
The 44,000-square-foot building will be the first new multi-tenant medical building for lease developed in the area since 2010, said Jason Anzalone, vice president of development for Irgens-Phoenix, the Arizona office for Milwaukee-based Irgens.
That other 48,000-square-foot project was built south of the new project and has since been sold to an investor.
“There hasn’t been another building built of its size in the Southeast Valley in almost seven or eight years,” he said.
Already 65 percent pre-leased, the new project is expected to break ground in February. Devenney Architects designed the building, and construction is being handled by A.R. Mays Construction.
The project is across the street from Dignity Health’s Mercy Gilbert Medical Center.
“It’s less than 400 yards from the front door of the hospital,” Anzalone said.
Dignity isn’t an investor in the project, he said, and the new medical building isn’t part of the Mercy Gilbert hospital campus.
Even though this has been the first spec building in several years, Irgens-Phoenix has been busy developing projects for Cigna Medical Group and Banner Health.
Most recently, Cigna Medical Group and Irgens broke ground in August 2015 for a multi-specialty center in Peoria, Ariz., northwest of Phoenix. That 60,000-square-foot, two-story medical office provides family medicine, internal medicine, pharmacy, digital imaging, laboratory, urgent care and specialty services.
That newly opened Cigna facility employs 130 people.
With offices in Milwaukee, Phoenix and Chicago, Irgens has completed projects valued at more than $2 billion nationwide over the past 30 years.
Source: Milwaukee Business Journal