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Transactions - NOVEMBER 6, 2019

PMB breaks ground for new 55,000-square-foot St. Mary’s Medical Pavilion in Tucson, Ariz.

by Released

PMB, a real estate owner and developer across the continuum of care, has broken ground on the new class A, 55,000-square-foot St. Mary’s Medical Pavilion on Carondelet St. Mary’s Hospital campus in Tucson.

The $19 million project on the campus of the 400-bed acute-care hospital is already 60 percent pre-leased by Carondelet Medical Group, which will anchor the building with a 23,000-square-foot multispecialty practice. Other tenants will be The Oncology Institute of Hope and Innovation and MHC (Marana Health Clinic).

Ryan Harper, COO of Carondelet St. Mary’s Hospital, noted, “The new St. Mary’s Medical Pavilion will add needed medical office space on the St. Mary’s Hospital campus. The new medical offices show a commitment to adding health provider options for the community and will increase the total square footage by 50 percent compared to the existing Century Medical Plaza.”

The new, two-story medical office building will be located adjacent to the existing 37,000-square-foot Century Medical Plaza, which PMB acquired from Healthcare Realty Trust in December 2018. Century Medical Plaza is a functionally obsolete property located at 1701 W. St. Mary’s Road in Tucson on St. Mary’s Hospital campus. When St. Mary’s Medical Pavilion is completed in July 2020, PMB will demolish the Century Medical Plaza and develop 275 surface parking spaces dedicated to servicing visitors to the new building. A number of existing Century Medical Plaza tenants will relocate into the new building upon completion.

Mark D. Toothacre, President of PMB, said, “PMB is grateful for the opportunity to improve the quality of healthcare delivery through the replacement of functionally obsolete clinic space with a new medical pavilion designed for the delivery of modern medicine, and we’re delighted to partner with Carondelet St. Mary’s Hospital to make this exciting project a reality.”

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