Cushman & Wakefield has arranged the sale of the Stapley Medical Center campus in Mesa for $48 million. The transaction involves a two-building medical office facility comprising 181,710 square feet of space. The property is situated at 1840 and 1910 S. Stapley Drive, located within a healthcare corridor along U.S. 60, also known as the Superstition Freeway. It sits between two other hospital campuses in the area. Mesa is about 16 miles northwest of Queen Creek.
The seller was a joint venture between Harbert Management Corp. and Cypress Office Properties LLC. The buyer is Chicago-based RX Health & Science Trust. Travis Ives, Gino Lollio, and Tyler Morss from Cushman & Wakefield’s Healthcare Capital Markets Team worked with Chris Toci and Eric Wichterman from the firm’s Phoenix office to represent the sellers. Cushman & Wakefield also advised on the initial acquisition of the property by Harbert and Cypress in June 2021 for $37 million.
During the ownership period by the joint venture, the partnership completed more than 60,000 square feet of new medical tenant leasing. The campus is anchored by providers including HonorHealth, Abrazo Healthcare, and Prosano, which is associated with BlueCross BlueShield. The facility serves a variety of medical specialties and is positioned near the Gateway to Gilbert, a neighboring suburb south of Mesa.
Travis Ives stated that the transaction reflects sustained investor demand for value-add medical office assets in high-growth Sun Belt markets. He noted that strong leasing momentum and a clear path to stabilization made the property a compelling opportunity for RX Health & Science Trust to expand its outpatient portfolio in a market it already knows well.
