Hammes Opens Phoenix-Area MOB
The 48,000-square-foot property broke ground in May 2023.
Hammes has opened Buckeye Medical Plaza, a 48,000-square-foot medical office building in Buckeye, Ariz., near Phoenix. Cotton Architecture acted as architect and MJ Harris Construction served as general contractor. Integrity Commercial Real Estate Founder Melynn Wakeman handled leasing efforts.
The developer broke ground on the project in May 2023 and completed construction in April this year. Hammes acquired the 4.2-acre site from Wilson Property Services Inc. for $4 million.
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Upon completion, eight tenants will occupy the two-story facility providing various services including primary care, physical therapy, pediatric Autism, women’s care, lab, podiatry, oral surgery and dental.
Located at 865 South Watson Road, Buckeye Medical Plaza is near Interstate 10 and roughly 30 miles west of downtown Phoenix. It is also some 12 miles from Phoenix-Goodyear Airport and 10 miles from Buckeye Municipal Airport. Abrazo Medical Hospital and Banner Buckeye Hospital are slated to take shape near the property as well.
Phoenix office development activity contracts
Considering overall office development in the metro, Phoenix registered the smallest pipeline among Sun Belt markets as of February, with 940,968 square feet underway across 16 properties accounting for 0.6 percent of stock, according to CommercialEdge data. Construction starts also decreased with only 107,400 square feet breaking ground in the year’s first two months, compared to the 717,085 square feet registered in the same period in 2023.
Recently, Anchor Health Properties topped out HonorHealth Medical Campus at Peoria, a 100,000-square-foot medical office project in Peoria, Ariz. Developed in conjunction with HonorHealth and SMIL, the Class A facility broke ground in November 2023, and is slated to come online in early 2025.
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