PHOENIX, Ariz. (June 4, 2019) – The Phoenix Kidder Mathews healthcare team represented the landlord in an 11,000-SF, 7-year lease for a national firm that provides autism therapy for families and children at 5859 W. Talavi Blvd., in Glendale, Arizona.
Kidder Mathews’ Senior Vice President Michael Dupuy and Vice President Rachael Thompson represented the landlord, Phoenix Heart, which is the owner and also a tenant in the building. The team negotiated a lease valued at $1.94 million in total consideration with Hopebridge Autism Therapy Centers, headquartered in Indianapolis, Indiana.
“We have seen an increased demand in Glendale’s Arrowhead area over the past couple years,” Thompson said. “Larger blocks of space for medical are tough to come by here. The availability at this property was marketed 60 days prior to receiving a fully executed lease. One medical space remains.”
The property, built in 2000, sits among highly desired office and medical buildings at Arrowhead Ranch in Glendale. Its neighbors include Banner Health, Abrazo, Delta Dental and California Casualty. The building is located with frontage on 63rd Avenue in Arrowhead.
“As a tenant and a landlord at this location, we look to strategically partner with other tenants,” said Phoenix Heart CEO Kyle Matthews. “We are thrilled to have Hopebridge as a tenant in the building and look forward to our relationship.”
The City of Glendale has been proactive in attracting healthcare-related firms.
“This new facility will join our ever-growing healthcare industry by bringing much-needed services for families touched by autistic spectrum disorders,” said Glendale Mayor Jerry Weiers. “As someone who wakes up every morning with the goal of making a positive difference in someone’s life, I know that therapy services provided by Hopebridge will do just that. I’m incredibly proud they’re opening their first location right here in Glendale.”
Kyle Seeger of JLL represented Hopebridge.
About Kidder Mathews
Kidder Mathews is the largest independently owned commercial real estate firm on the West Coast, with over 700 real estate professionals and staff in 21 offices in Washington, Oregon, California, Nevada, and Arizona. Kidder Mathews offers a complete range of brokerage, appraisal, property management, consulting, project & construction management, and debt & equity finance services for all property types. The firm performs $7 billion in transactions, manages more than 51 MSF and conducts more than 1,500 appraisals annually. For more information, visit http://kiddermathews.com/locations/phoenix.php.