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Desert Medical Campus second phase of $30+ million renovation underway

Mesa property to gain new exterior appearance and spec suites

Phoenix, May 13, 2021 - Desert Medical Campus, a four-building medical office complex located on South Dobson Road in Mesa, is currently undergoing the second and final phase of its $30-plus million renovation and modernization program. The work planned includes new glass exterior facades, redesign of all public lobbies and common areas, enhanced way-finding throughout the campus, updated signage, as well as an attractive outdoor plaza with solar-paneled shade canopy and on-site café.

“We are excited to see this transformation come alive! We believe this redevelopment will not only raise the level of sophistication within each building but also increase the overall vitality of the campus. Each and every detail of this redevelopment has been thoughtfully designed to improve both the functionality and aesthetics of the campus,” says Dan Minning of Lillibridge.

This final phase of renovation is scheduled for completion in December 2021. The buildings, which are located at 1432, 1450, 1500 and 1520 S. Dobson Road, were originally constructed in 1970s to 1980s. The property contains approximately 313,671 square feet of medical office space situated on the campus at Banner Desert Medical Center, just off the US 60 freeway.

The full renovation program was designed to bring the property to a contemporary status within the market. Three new speculative suites are available for immediate occupancy.

“The feedback from the medical community has been extremely positive and everyone is excited to see such an iconic hospital campus go through this positive transformation,” said Phil Wurth with Colliers in Arizona. “The final renovation result will be truly an exceptional hospital campus experience for both physicians and their patients.”

Philip Wurth, Alexandra Loye and Julie Johnson of Colliers in Arizona are the exclusive leasing agents for Desert Medical Campus.

About Colliers International
Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 67 countries, our more than 15,000 enterprising professionals work collaboratively to provide expert advice to real estate occupiers, owners and investors. For more than 25 years, our experienced leadership with significant insider ownership has delivered compound annual investment returns of almost 20% for shareholders. With annualized revenues of $3.0 billion ($3.3 billion including affiliates) and $40 billion of assets under management, we maximize the potential of property and accelerate the success of our clients and our people. Learn more about how we accelerate success at corporate.colliers.com, Twitter @Colliers and LinkedIn.

Colliers in Arizona has served clients locally and globally for more than 40 years.

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Philip Wurth

Executive Vice President

Scottsdale

Philip Wurth, CCIM, is an executive vice president with Colliers, specializing in the acquisition, disposition and leasing of healthcare properties, including medical office buildings, surgery centers, hospitals, behavioral health and seniors housing facilities (skilled nursing, assisted living and memory care).

Visit the Wurth-Loye Healthcare Real Estate Team website to learn more about the team’s services and expertise.

With more than 17 years of experience and over 1,000 transactions completed, Philip is recognized as one of Colliers’ top brokers in Arizona.

His nuanced knowledge of medical requirements enables him to assist clients in not only securing the right location for their investments, but also negotiating the maximum value for their properties. Through strategic representation, Philip delivers portfolio gains to his clients during challenging market highs and lows. He maximizes the value of his clients’ investments through an approach built on trust, in-depth market knowledge, first-rate financial acumen, and expert negotiating skills.

Philip provides clients with market and financial analyses, trend forecasts, and targeted marketing designed to identify and attract buyers and tenants. With his proven track record of success, institutional and private investors, landlords and tenants can rely on Philip to achieve their real estate and financial objectives.

Providing best-in-class service, Philip brings an extensive knowledge of the healthcare real estate market and a profound dedication to client relationships. He epitomizes the core values of integrity, honesty, trust and good old-fashioned hard work.

Prior to joining Colliers, Philip was a vice president at Sperry Van Ness, specializing in owner/developer and tenant representation, and site selection services for small business commercial office space solutions.

Philip began his real estate career at Logan Commercial in 2003, where his creative marketing efforts and grassroots approach to client contact generated over 200 sale and lease transactions, totaling 550,000 square feet. He served on Logan’s Broker Advisory Board, providing strategic direction and current market expertise.

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Alexandra Loye

Senior Vice President

Phoenix

Alexandra Loye is a senior vice president with Colliers, with more than 10 years of brokerage experience. She has completed over 400 transactions and is accomplished in investment sales and leasing services throughout Arizona.

Alexandra is focused on investment and owner/user sales and tenant/buyer representation, formulating client strategy, coordinating property financial analysis, due diligence and marketing to ensure she is always maximizing value for clients.

Tenants and buyers benefit from her cost-free real estate consulting services. She educates clients on the ever-changing real estate market and how to lower occupancy costs, while achieving maximum lease or purchase concessions. Alexandra evaluates market alternatives and forms strategies to meet clients’ current and future needs.

She has sold every type of asset class, but specializes in medical and office buildings, surgery centers, behavioral health facilities, life science facilities, and seniors housing facilities (assisted living, memory care, skilled nursing).

The Wurth-Loye Healthcare Real Estate Team with Colliers offers clients a holistic approach to healthcare asset management with services that include acquisition, disposition, leasing, tenant representation, and property management through Colliers’ Real Estate Management Services.

Visit the Wurth-Loye Healthcare Real Estate Team website to learn more about the team’s services and expertise.

Alexandra is a seasoned commercial real estate advisor with more than 10 years of brokerage experience and a proven track record of success working on behalf of her clients. Prior to joining Colliers, she was a Principal with Avison Young Healthcare Services and Capital Markets.

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Julie Johnson

Executive Vice President

Phoenix

Julie Johnson, CCIM, is an executive vice president with Colliers and an industry leader in providing comprehensive healthcare and seniors housing real estate services throughout the greater Phoenix region.

Her specific areas of specialization include single- and multi-tenant medical office buildings, surgery centers, hospitals and specialty hospitals, behavioral health facilities, and seniors housing (skilled nursing, assisted living, memory care and independent living).

She represents landlords, tenants, investors and owner/users, providing acquisition, disposition, leasing, sale/leaseback, site selection, consulting, and development services.

With extensive experience and long-standing relationships throughout the healthcare industry, Julie has a comprehensive understanding of the complex challenges of healthcare clients, enabling her to bring a unique perspective to address their individualized needs.

Clients rely on Julie’s in-depth knowledge of healthcare delivery, hospitals, providers, managed care and seniors housing to guide them in strategic real estate decisions. Additionally, her strong analytical skills in financial proformas enable her to help clients mitigate risk and maximize returns.

Recognized locally and nationally as one of the industry’s foremost thought leaders and most qualified healthcare real estate specialists, Julie serves as a valuable resource and member of her clients’ teams. She is committed to providing the highest level of service to achieve her clients’ business and real estate objectives.

Julie was one of the first brokers to specialize in healthcare, developing the unique skillset needed to serve this industry. For more than 25 years, she has been a leader in healthcare real estate and integrally involved with the growth and evolution of healthcare during her career.

Prior to joining Colliers, Julie was a principal with Avison Young and co-leader of its national healthcare practice group, tasked with growing the healthcare business line.

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