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Mesa College property bought by Nevada investor

Growing Arizona College trains medical professionals

The Mesa campus of Arizona College sold to Learning Realty Partners (“LRP”). The property is one of 10 Arizona College locations across five states, and one of four in Greater Phoenix. 

“The buyer recognized the strength of the tenant, quality of the property, and connectivity of the location, along with the below market rent,” says Mindy Korth, executive vice president with Colliers in Arizona. “LRP specializes in education real estate, and vocational schools such as this are an important part of their portfolio and mission.” 

Korth, Todd Noel and Kyle Campbell with Colliers in Arizona handled the sale transaction. The private real estate investment fund, Learning Realty Partners of Carson City, NV purchased the property from Mesa-based DES 1, LLC. 

LRP Operating Partner Rob Dolan said, “Todd and Mindy did an outstanding job negotiating and managing this transaction. Arizona College of Nursing will be a great addition to our portfolio and more importantly helps us achieve our goal of profits with purpose.”

Arizona College’s Mesa campus is located at 163 N. Dobson Road. Built in 2002, the 24,000-square-foot facility is situated on 2.33 acres. Arizona College provides training for the healthcare sector and occupied this property since 2012. The educational organization was founded in 1991. Career programs offered by Arizona College include nursing, allied health services, and medical billing and coding. This particular campus experienced a large gain in enrollment and able to accommodate additional growth, as demand for medical-related workers continues to increase. 

The campus is located on Dobson Road, just north of Main Street in Mesa. The property is situated adjacent to a Valley Metro Transit Center that includes a Valley Metro Light Rail station, a large Park & Ride, and a hub that connects numerous Valley Metro Bus routes throughout Greater Phoenix.  

About Learning Realty Partners
Learning Realty Partners, LP (LRP) focuses on the acquisition of learning and education properties dedicated to early childhood education, K-12 schools, vocational schools, and activity-based learning infrastructure such as swim schools. We believe education is a fundamental human right. By making good investments, adding value like solar energy, clean air, clean water, and building deep partnerships with operators, we can become a unique and highly differentiated source of infrastructure capital for the learning world. Learn more at
About Colliers
Colliers (NASDAQ, TSX: CIGI) is a leading diversified professional services and investment management company. With operations in 65 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 to $3.6 billion ($4.0 billion including affiliates) and $46 billion of assets under management, we maximize the potential of property and accelerate the success of our clients and our people. Learn more at, Twitter @Colliers or LinkedIn.
Colliers in Arizona has served clients locally and globally for more than 40 years.

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Todd Noel

Senior Executive Vice-President


As a senior executive vice president with Colliers, Todd Noel specializes in office and educational properties. Areas of expertise include corporate advisory, tenant representation, investments, sale/leasebacks, and leasing and build-to-suits.

As the national director of Colliers' Education Services Group, the leading advisory group dedicated to the education industry, Todd leads a national team of 25 education professionals who understand and represent the varied real estate needs of educational companies and occupiers of educational facilities across the country.

His top-producing team in Phoenix includes Kyle Campbell, vice president; Michael Marsh, associate vice president; Matt Baniszewski, senior associate; and Tara Dannenberg, senior client services specialist. The team leverages in-depth knowledge of the office and educational property markets to assist clients in achieving their real estate and business objectives.

Todd has exceptional experience and demonstrated success in education-based real estate and has completed numerous assignments on behalf of local and national clients.  From charter schools to universities, he takes a strategic approach to address the unique considerations facing educational facilities. Todd provides strategies and services that strive to reduce occupancy costs, increase efficiency and enhance enrollment.

In order to advise clients on all possible scenarios, Todd offers an integrated platform of services, including acquisitions, dispositions, identifying capital sources, site selection, portfolio planning, lease and sublease negotiations, lease restructuring, transaction and lease administration, construction and project management, strategic planning, and benchmarking.

As a trusted and experienced advisor, Todd represents his clients’ best interests and develops real estate strategies to identify opportunities that add value, reduce costs, and maximize ROI. He incorporates the highest standards of excellence and quality in his approach to serving each client. With a tenacious and focused negotiation style, Todd has developed a reputation for delivering the most aggressive deal terms for his clients.

Todd has more than 20 years of commercial real estate experience, specializing in educational and office properties and corporate tenant representation. Prior to joining Colliers, Todd was with Trammel Crow Company, CBRE and Insignia/ ESG.

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Mindy Korth

Executive Vice President


As an executive vice president of investment services with Colliers, Mindy Korth is accomplished in all sectors of the investment real estate community, including office, medical office, retail, datacenters, high-finish industrial, commercial land, and unique projects across metropolitan Phoenix and nationally.

Mindy leads an investment sales team that includes Jenny Bassett, real estate analyst; Kelsey Robinson, client services coordinator; and Alyssa Smith, client services coordinator.

Mindy is focused on identifying investment opportunities, executing client strategy, establishing relationships between parties, and coordinating property financial analysis and due diligence. Her wealth of industry, market, property, and financial intelligence provides clients with the information they need to make informed decisions and complete successful investment transactions. She has completed transactions totaling more than 26 million square feet, and more than $4.6 billion in value.

Throughout her career, Mindy has been involved in each aspect of real estate, including new and rehab development, financial structuring deals in capital markets, leasing, management, site selection, network planning, acquisitions and dispositions programming, financial analysis, and underwriting.


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Kyle Campbell

Vice President


As a vice president with Colliers, Kyle Campbell specializes in the sale and leasing of education and office properties across metro Phoenix and nationally. Kyle has in-depth knowledge of education-based real estate and serves as a director of Colliers’ Education Services Group, the leading advisory group dedicated to the education industry.

He is also a member of the top-producing office and education team of Todd Noel, senior executive vice president; Michael Marsh, associate vice president; Matt Baniszewski, senior associate; and Tara Dannenberg, senior client services specialist.

Kyle works closely with clients to understand and evaluate their short- and long-term objectives. Leveraging his knowledge of the office and educational property markets, Kyle positions properties to increase liquidity and maximize value. Through a multi-disciplined approach, Kyle aligns marketing strategies with his clients’ business goals to deliver optimal results.

He brings tremendous value to clients through a comprehensive platform of services, including strategic marketing, acquisition and disposition, new and renewal lease negotiations, lease restructuring, occupancy cost reduction, and coordinating construction and tenant improvements. Through in-depth research of demographic and GIS trends, Kyle provides expert site selection services to clients and team members.

Kyle joined Colliers in 2013, as a research associate for Greater Phoenix. In this role, he monitored tenant activity, maintained an extensive lease and sale comparable database, compiled quarterly office market reports, and assisted brokerage professionals with market presentations.

During his time in research, Kyle gained extensive market knowledge and analytical skills. By the fall of 2014, he had sharpened those skills and transitioned to a broker position with Colliers.

Kyle is actively involved with Brokers for Kids, a year-long fundraising drive to benefit Boys Hope Girls Hope, an organization that provides scholarship to underprivileged kids to ensure a good education.

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