Plaza Companies and Ryan Companies have recently completed the sale of Ironwood Medical Pavilion, located on the Banner Ironwood Medical Center campus in Queen Creek, to Hammes Partners for $23.325 million. Plaza Companies will continue to serve as a minority joint venture investor and provide leasing and property management services.
Ironwood Medical Center is a state-of-the-art medical office building spanning 60,000 square feet across three stories. Completed in September 2019, this Class A facility is situated next to Banner Ironwood Medical Center on a sprawling 78-acre campus at Gantzel Road and Combs Roads in Queen Creek.
The neighboring hospital currently boasts approximately 248,000 square feet of space with 53 beds and accompanying support site improvements. As demand for medical care continues to rise in the area, plans are underway for significant expansion of this facility.
Hammes Partners specializes exclusively in healthcare real estate investments on behalf of institutional investors throughout the United States.
