PHOENIX, ARIZONA (Oct. 12, 2023) – The medical office market continues to sizzle in Metro Phoenix as NAI Horizon represented the landlord in a long-term lease renewal at Chandler Medical Plaza for a cardiovascular healthcare provider.
NAI Horizon Executive Vice President Lane Neville and Associate Cole Neville represented Chandler Medical Property Company, LLC, of New York, New York, in the 7-year renewal term for Xavier Heart Institute PLLC of Chandler, Arizona.
The lease renewal value was over $400,000. Xavier Heart Institute leases 2,197 SF at Chandler Medical Plaza, 655 S. Dobson Road, in Chandler.
“Our property is directly across the street from Dignity Chandler Medical Center, a 338-bed regional hospital. Dr. Xavier’s renewal is important to our property, maintaining our strong internal medicine synergy with the hospital. Chandler Medical Plaza location is also key to our leasing success. Our property has outstanding vehicular access to both Loop-101 and Loop-202 freeways,” Lane Neville said. “Our medical office tenant mix comprises internal medicine and OB/GYN practices.”
Xavier Heart Institute is a medical practice group led by Dr. Lyndon Xaiver, MD. His specialty areas include interventional cardiology, cardiovascular disease, and internal medicine.
Karl Frye with Frye Practice Sales Healthcare Real Estate represented the tenant.
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 325 offices strategically located in 65 countries throughout North America, Latin America, Europe, Africa and Asia Pacific, with over 5,800 local market professionals, managing in excess of 1.1 billion square feet of property and facilities. Annually, NAI Global completes in excess of $20 billion in commercial real estate transactions throughout the world.
NAI Global provides a complete range of corporate and institutional real estate services, including brokerage and leasing, property and facilities management, real estate investment and capital market services, due diligence, global supply chain and logistics consulting and related advisory services. To learn more, visit www.naiglobal.com.