Irgens Acquires Shea Medical Plaza in Scottsdale, Arizona

08.28.2012

Firm to make Significant Capital Improvements; Own, Operate and Manage Property

 

Phoenix – Irgens (www.irgens.com) has acquired Shea Medical Plaza, a 42,439 SF single-story medical office building located at 7425 E. Shea Boulevard in Scottsdale. Sale price and terms of the transaction were not disclosed.

 

“With its prominent location, coupled with the building upgrades we plan to invest, Shea Medical Plaza will once again be one of the premier medical office centers in Scottsdale,” said Jason Meszaros, Vice President and Market Manager for Irgens.

 

Originally built in 1999, Irgens will own, oversee improvements and serve as property manager for the facility. Colliers International will serve as the listing broker. At 81% leased, three turn-key suites remain with space totaling +8,143 SF available for lease.

 

The property is conveniently situated near Scottsdale Healthcare, Shea and Osborn hospital campuses in an area with highly desirable market demographics. It features both surface and covered parking options. Prominent signage opportunities are available.

 

Irgens continues to seek strategic acquisitions and opportunistic investments through the Phoenix metropolitan market.

 

For more information, contact:

 

Jason Meszaros: 602.682.0199 | jmeszaros@irgens.com
Jason Anzalone: 602.682.0192 | janzalone@irgens.com

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