JLL Capital Markets arranged the $32 million sale to Stockdale Partners and the $25 million financing of an outpatient medical building portfolio totaling 80,315 square feet. The portfolio consists of three Banner Health Centers in the east valley of Phoenix in Mesa, Gilbert and Queen Creek, Arizona.

The portfolio is 100 percent occupied by Banner Health, one of the largest nonprofit health systems in the country, to administer outpatient care. The properties were constructed in 2013 and 2014 to meet the demand for healthcare services in the east valley of Phoenix. Banner Health Centers are Banner’s preferred consolidated outpatient delivery platform for primary care, select specialties and services such as lab, imaging and pharmacy under one roof.

JLL represented the seller, Banner Health, and procured the buyer, Stockdale Capital Partners. JLL also represented the buyer and borrower, Stockdale Capital Partners, in obtaining acquisition financing. Mindy Berman led the JLL Medical Properties Group Investment Advisory Sales team. John Chun led JLL Medical Properties Group Debt Advisory team.