Phoenix Children’s Hospital & Ensemble Form New Strategic Partnership
Ensemble to serve as exclusive real estate advisor
Ensemble Real Estate Solutions, a Phoenix-based full-service healthcare real estate firm, has established a strategic relationship with Phoenix Children’s Hospital to serve as its exclusive real estate advisor. Phoenix Children’s Hospital is Arizona’s only children’s hospital that is ranked in U.S. News & World Report’s Best Children’s Hospitals.
“Ensemble, like most developers, has typically worked for hospitals to complete specific real estate projects and assignments. Under our new model, Ensemble is working with Phoenix Children’s Hospital. We are providing an experienced and resource-rich platform that empowers Phoenix Children’s Hospital to be more in control of its real estate needs,” said Randy McGrane, Ensemble’s CEO.
The real estate services include analytics, capital and investment strategy, market expertise, project management, tenant representation and lease administration. To begin, Ensemble is overseeing 12 leases in nine locations, totaling approximately 116,000- square-feet.
In addition, Ensemble advises Phoenix Children’s Hospital on new property needs such as market analyses, site selection and lease vs. buy evaluations.
Operating as Phoenix Children’s exclusive real estate agent allows Ensemble to collect typical market fees paid by landlords or sellers, creating a fully functioning real estate department with the benefit of no overhead costs for the hospital.
“Ensemble’s deep knowledge of the industry has proven invaluable to our planning and growth,” said Dave Cottle, Vice President of Planning, Design and Construction at Phoenix Children’s Hospital. “The collaboration with Ensemble allows us to focus on what we do best – to provide hope, healing and the best health care for children and their families.”
Ensemble and Phoenix Children’s Hospital have a long-term relationship.
Last year, Ensemble developed the 35,355-square-foot Phoenix Children’s Southwest Valley Center, a specialty and urgent care center. The $14.7 million clinic in Avondale features 27 patient rooms, two treatment rooms, X-Ray, ultrasound, three infusion bays and on-site lab services.
In 2007, Ensemble developed the 30,000-square-foot Phoenix Children’s East Valley Center. The $9 million Mesa clinic features 20 exam rooms, three minor treatment rooms, two procedure rooms equipped with monitoring devices, a radiology department, an EKG machine, two code carts, two defibrillators and language translation services.
In 2003, Ensemble developed the 66,000-square-foot Rosenberg Children’s Medical Plaza, located on the campus of Phoenix Children’s Hospital. The award-winning property also includes an on-site surgery center.
Ensemble Breaks Ground on Hilton Garden Inn in Camden, NJ
Tips for Landlords: Essential Questions to Ask Your Potential Broker
2019 Phoenix economic forecast and how it affects the future of commercial real estate