JLL Capital Markets Secures the Sale of Thunderbird Wellness Centre

JLL Healthcare Capital Markets Group closed the sale of the Thunderbird Wellness Centre in Arizona

April 29, 2019

PHOENIX,April 29, 2019 –JLL Healthcare Capital Markets Group announced today the sale of the 56,190 square foot Thunderbird Wellness Centre in Peoria, Arizona. Daniel Turley of JLL Healthcare Capital Markets Group served as exclusive advisor to the seller, a joint venture between developer/owner MedProperties Group and Virtus Real Estate Capital. The buyer was MBRE Healthcare out of Chicago. 

The 100 percent occupied four-building Class A medical office and specialty retail asset is anchored by a USPI-affiliated ambulatory surgery center and features a high-quality and diversified tenant roster. Located in one of Phoenix’s most affluent and growing northwest submarkets, Thunderbird Wellness Centre is strategically positioned less than five miles from three of Phoenix’s major hospitals including the Banner Boswell Medical Center, Banner Thunderbird Medical Center and Tenet’s Abrazo Arrowhead Hospital.

JLL Healthcare Capital Markets is the only national full-service healthcare capital markets team in the real estate industry focused on medical office, hospitals, seniors housing and post-acute care. The team consistently transacts over $1 billion annually with unrivaled expertise and experience in investment sales, monetization, development debt and equity capital raise and advisory services for investor and provider clients.

JLL Capital Markets is a full-service global provider of capital solutions for real estate investors and occupiers. The firm’s in-depth local market and global investor knowledge delivers the best-in-class solutions for clients — whether a sale, financing, repositioning, advisory or recapitalization execution. In 2018 alone, the firm’s 2,600 Capital Markets specialists completed nearly $180 billion in investment sale and debt and equity transactions globally.

About JLL

JLL (NYSE: JLL) is a leading professional services firm that specializes in real estate and investment management. Our vision is to reimagine the world of real estate, creating rewarding opportunities and amazing spaces where people can achieve their ambitions. In doing so, we will build a better tomorrow for our clients, our people and our communities. JLL is a Fortune 500 company with annual revenue of $16.3 billion, operations in over 80 countries and a global workforce of over 91,000 as of March 31, 2019. JLL is the brand name, and a registered trademark, of Jones Lang LaSalle Incorporated. For further information, visit