PHOENIX, ARIZ. (March 6, 2023) – NAI Horizon represented the tenant, a Phoenix-based behavioral healthcare provider, in a long-term office sublease at Beverly Center, 8181 S. 48th St., in Phoenix.
NAI Horizon Managing Director Matt Harper, CCIM, and First Vice President Thomas Bean, CCIM, represented New Life Wellness Center, LLC, in the long-term office sublease totaling $3.45 million. New Life Wellness Center with occupy the single-tenant building, which totals, 43,013 SF.
New Life Wellness Center provides specialized behavioral healthcare services including mental health/addiction treatment, medical, case management, and patient care coordination. Beverly Center will provide a larger clinical outpatient space for New Life Wellness Center, which will expand its footprint in Phoenix. New Life Wellness Center, serves other parts of Arizona, including Tucson, and Flagstaff among other locations.
“With the increase in sublease availability, our client was able to secure Beverly Center at competitive pricing and terms,” Bean said. “The property was in move-in condition and our client was able to set up and initiate operations with minimal downtime. It was a win-win for all parties.”
Located along 48th Street, the new clinic will link directly to SR 143 with fast access to Phoenix Sky Harbor International Airport and Interstate 10. It offers freeway access from the full diamond interchange at Baseline Road and I-10.
Its freeway-oriented location offers tremendous access to several Valley labor pools, most notably, the adjacent highly sought-after Southeast Valley labor pool, nationally known for its dense, young, and highly educated demographic. It is situated at the northern end of the densely populated Ahwatukee/Mountain Park Ranch, one of the most upscale residential areas in the Southeast Valley.
The sublandlord, STVT-AAI Education, Inc., of Arlington, Texas, was represented by Connor Maloney with Transwestern.
About NAI Horizon
Exceptional global commercial real estate solutions begin with local market leadership and expertise. Established in 1992, NAI Horizon is a full-service commercial real estate company serving Arizona with offices in Phoenix and Tucson. NAI Horizon is passionate about commercial real estate, providing Brokerage and Property Management Services for local, national, and international clients. NAI Horizon is a member of the NAI Global commercial real estate network providing real estate solutions to more than 300 offices worldwide. For more information, visit www.naihorizon.com.
About NAI Global
Advisory Services, Leasing, Property Management, Property & Note Sales, and Tenant Representation
NAI Global is a leading global commercial real estate brokerage firm. NAI Global offices are leaders in their local markets and work in unison to provide clients with exceptional solutions to their commercial real estate needs. NAI Global has more than 300 offices in 43 countries strategically located throughout North America, Latin America and the Caribbean, Europe, Africa, and Asia Pacific, with 5,100 local market professionals managing over 1.1 billion square feet of property and facilities. Annually, NAI Global completes more than $20 billion in commercial real estate transactions and gross revenue of $1.5 billion.
NAI Global professionals achieve extraordinary results for clients locally and globally through creativity, collaboration, and the consistent delivery of exceptional knowledge and service that only market-leading firms can provide. NAI Global provides a full range of corporate real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain, logistics consulting, and related advisory services.
To learn more, visit www.naiglobal.com.
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