Work Starts on New Scottsdale Medical Office; Plus Four other Real Estate Deals to Know

A rendering of One Scottsdale Medical being built by Ryan Cos.

RYAN COS.

Ryan Cos. broke ground on One Scottsdale Medical, a 105,715-square-foot medical office building at Scottsdale Road and Thompson Peak Parkway in Scottsdale.

The two-story structure, which is on the 120-acre One Scottsdale mixed-use development, is 80% pre-leased, with California-based City of Hope and Texas-based Exalt Health as anchor tenants.

The remaining 20,000 square feet is available for lease on the ground floor for additional medical tenants. Mari Lederman and Katie McIntyre from the Phoenix office of JLL (NYSE: JLL) are the project’s exclusive leasing brokers.

Construction completion is expected by Q3 2024.

The $1 billion One Scottsdale mixed-use development is being jointly developed by DMB Associates Inc., the Corrigan Family and Macerich. it will include 2.86 million square feet of space for commercial tenants, 2,000 residential units and 400 hotel rooms.