Given strong occupancies at the Good Samaritan hospital campus along with a planned $90MM hospital expansion, Ensemble acquired the Papago Medical Park in 2001 with the intent to reposition the asset to better serve the demand for additional medical office space in the market.
Initially, another developer had led Barrow Neurosurgical Associates to believe that a 40,000 to 60,000 square foot building could be constructed on the site, complete with underground parking. Ensemble helped them understand the realities of the situation and helped them focus on a building that would meet all of their needs.
Ensemble thoroughly researched all options for developing the property and provided our recommendation to develop a more feasible property on a smaller scale that would meet all of their needs. A 16,000 square foot, two-story, build-to-suit building was constructed through a hard bid process. Construction commenced in April 2008 and certificate of occupancy was received in February 2009.