{"id":1004538266,"date":"2021-06-03T09:12:08","date_gmt":"2021-06-03T17:12:08","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004538266"},"modified":"2022-12-08T16:54:49","modified_gmt":"2022-12-09T00:54:49","slug":"wentworth-property-co-to-build-phoenix-area-mob","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/wentworth-property-co-to-build-phoenix-area-mob\/","title":{"rendered":"Wentworth Property Co. to Build Phoenix-Area MOB"},"content":{"rendered":"
\"\"<\/a>

Goodyear Medical. Image courtesy of Colliers<\/p><\/div>\n

Wentworth Property Co. has revealed plans to develop Goodyear Medical, a 57,000-square-foot medical office project in Goodyear, Ariz. Construction is slated to begin in the fourth quarter of 2021, with completion expected a year later.<\/p>\n

The two-story development will take shape at 1830 NE Bullard Ave. within the 2,500-acre Goodyear Medical Innovation Corridor. Designed by Vertical Design Studios, the building will feature a mix of concrete, wood and metal finishes. Covered and surface parking will be available, at a ratio of 6 spaces per 1,000 square feet.<\/p>\n

Upon completion, the facility will be the first medical office building to be developed in the Goodyear area since 2004, according to Alexandra Loye, senior vice president of Colliers. Loye, together with Colliers Executive Vice President Phil Wurth, serve as the property\u2019s exclusive leasing agents. The duo is also in charge with the leasing efforts at a 58,600-square-foot medical office building<\/a> anchored by The CORE Institute in Gilbert, Ariz.<\/p>\n

Situated just north of Interstate 10, the 4.9-acre development site is some 19 miles from downtown Phoenix and 3 miles northeast of downtown Goodyear, in the West I-10 submarket. Abrazo West Campus hospital is less than 2 miles east.<\/p>\n

Larger rental rates<\/h2>\n

According to the property\u2019s presentation, Goodyear Medical leases for $25.50 per square foot. Recent Colliers research shows the asking rate is higher than the average $22.92 recorded in the metro at the end of 2021\u2019s first quarter, but lower than the average $26.60 recorded in the West I-10 submarket in the same period.<\/p>\n

The Colliers report also indicates a rise in medical office rental rates all across the Valley. The Midtown\/Phoenix submarket had the largest year-over-year increase, rising 10.7 percent to $22.43 per square foot, followed by Chandler and Downtown North submarkets, which increased by 9.7 percent to $20.45 and 9.0 percent to $21.58, respectively.<\/p>\n

Little medical office construction<\/h2>\n

Only three medical office projects, totaling about 385,000 square feet, were under construction across the metro as of June<\/a>, according to CommercialEdge information. The largest development is the 275,157-square-foot Phoenix VA Outpatient Clinic, also slated for a 2022 completion.<\/p>\n

According to Colliers, no new product was delivered during the first three months of 2021, a first over the last five quarters.<\/p>\n","protected":false},"excerpt":{"rendered":"

The 57,000-square-foot project has an expected 2022 completion.<\/p>\n","protected":false},"author":870,"featured_media":1004538273,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,21754,21742,1601,15],"tags":[49055,35498,36278],"class_list":["post-1004538266","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-medical-office","category-latest","category-phoenix","category-west","tag-alexandra-loye","tag-colliers","tag-medical-office-building"],"acf":[],"yoast_head":"\nWentworth Property Co. to Build Phoenix-Area MOB - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/wentworth-property-co-to-build-phoenix-area-mob\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Wentworth Property Co. to Build Phoenix-Area MOB\" \/>\n<meta property=\"og:description\" content=\"The 57,000-square-foot project has an expected 2022 completion.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/wentworth-property-co-to-build-phoenix-area-mob\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2021-06-03T17:12:08+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-09T00:54:49+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/Goodyear-Medical-crop.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"694\" \/>\n\t<meta property=\"og:image:height\" content=\"521\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Adriana Marinescu\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/wentworth-property-co-to-build-phoenix-area-mob\/\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wentworth-property-co-to-build-phoenix-area-mob\/\",\"name\":\"Wentworth Property Co. to Build Phoenix-Area MOB - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/wentworth-property-co-to-build-phoenix-area-mob\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/wentworth-property-co-to-build-phoenix-area-mob\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/Goodyear-Medical-crop.jpg\",\"datePublished\":\"2021-06-03T17:12:08+00:00\",\"dateModified\":\"2022-12-09T00:54:49+00:00\",\"author\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d8680cf55f814fe2742cf94207212af1\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.commercialsearch.com\/news\/wentworth-property-co-to-build-phoenix-area-mob\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.commercialsearch.com\/news\/wentworth-property-co-to-build-phoenix-area-mob\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/wentworth-property-co-to-build-phoenix-area-mob\/#primaryimage\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/Goodyear-Medical-crop.jpg\",\"contentUrl\":\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/Goodyear-Medical-crop.jpg\",\"width\":694,\"height\":521},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/wentworth-property-co-to-build-phoenix-area-mob\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.commercialsearch.com\/news\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Wentworth Property Co. to Build Phoenix-Area MOB\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#website\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d8680cf55f814fe2742cf94207212af1\",\"name\":\"Adriana Marinescu\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/2444a0eb00095b2b409c152dd217bf8709009d4718eec6c8c435940e3ea1cb67?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/2444a0eb00095b2b409c152dd217bf8709009d4718eec6c8c435940e3ea1cb67?s=96&d=mm&r=g\",\"caption\":\"Adriana Marinescu\"},\"description\":\"Adriana Marinescu is an associate editor with Commercial Property Executive and Multi-Housing News. She joined the CPE-MHN team in 2019.\",\"url\":\"https:\/\/www.commercialsearch.com\/news\/author\/adriana-marinescu\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Wentworth Property Co. to Build Phoenix-Area MOB - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/wentworth-property-co-to-build-phoenix-area-mob\/","og_locale":"en_US","og_type":"article","og_title":"Wentworth Property Co. to Build Phoenix-Area MOB","og_description":"The 57,000-square-foot project has an expected 2022 completion.","og_url":"https:\/\/www.commercialsearch.com\/news\/wentworth-property-co-to-build-phoenix-area-mob\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2021-06-03T17:12:08+00:00","article_modified_time":"2022-12-09T00:54:49+00:00","og_image":[{"width":694,"height":521,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/Goodyear-Medical-crop.jpg","type":"image\/jpeg"}],"author":"Adriana Marinescu","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/wentworth-property-co-to-build-phoenix-area-mob\/","url":"https:\/\/www.commercialsearch.com\/news\/wentworth-property-co-to-build-phoenix-area-mob\/","name":"Wentworth Property Co. to Build Phoenix-Area MOB - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/wentworth-property-co-to-build-phoenix-area-mob\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/wentworth-property-co-to-build-phoenix-area-mob\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/Goodyear-Medical-crop.jpg","datePublished":"2021-06-03T17:12:08+00:00","dateModified":"2022-12-09T00:54:49+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d8680cf55f814fe2742cf94207212af1"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/wentworth-property-co-to-build-phoenix-area-mob\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/wentworth-property-co-to-build-phoenix-area-mob\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/wentworth-property-co-to-build-phoenix-area-mob\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/Goodyear-Medical-crop.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/Goodyear-Medical-crop.jpg","width":694,"height":521},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/wentworth-property-co-to-build-phoenix-area-mob\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Wentworth Property Co. to Build Phoenix-Area MOB"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d8680cf55f814fe2742cf94207212af1","name":"Adriana Marinescu","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/2444a0eb00095b2b409c152dd217bf8709009d4718eec6c8c435940e3ea1cb67?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/2444a0eb00095b2b409c152dd217bf8709009d4718eec6c8c435940e3ea1cb67?s=96&d=mm&r=g","caption":"Adriana Marinescu"},"description":"Adriana Marinescu is an associate editor with Commercial Property Executive and Multi-Housing News. She joined the CPE-MHN team in 2019.","url":"https:\/\/www.commercialsearch.com\/news\/author\/adriana-marinescu\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2021\/06\/Goodyear-Medical-crop.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004538266","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/870"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004538266"}],"version-history":[{"count":6,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004538266\/revisions"}],"predecessor-version":[{"id":1004538572,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004538266\/revisions\/1004538572"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004538273"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004538266"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004538266"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004538266"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}