Tim Reardon Of MCR Companies And Brian Holman Of Empower College Prep Acquire Medical Office Portfolio For $12.8M

A three-building medical office portfolio located at 5891 West Eugie Avenue, 2302 North 75th Avenue, and 1717 West Chandler Boulevard in the Glendale, Phoenix, and Chandler markets of Arizona was sold for $12.8 million. The total square footage of the portfolio is 98,500, resulting in a price per square foot of $130.

Summary of transaction details:

• Property Type: Medical Office
• Transaction Amount: $12,800,000
• Square Footage: 98,500
• Price Per Square Foot: $130
• Buyer: Tim Reardon - MCR Companies; Brian Holman - Empower College Prep
• Seller: Evernorth Care Group
• Brokers: Geoffrey Turbow, Brian Butler, Glenn Dyke & Emily Minnier - CBRE

The transaction features Tim Reardon representing MCR Companies and Brian Holman representing Empower College Prep in acquiring the properties. Evernorth Care Group acted as the seller, and CBRE was involved in facilitating the deal on behalf of the seller.