AIRPARK BusinessNews …continued from page 14
HonorHealth, Universal Health Services sign partnership agreement
HonorHealth and Universal Health Services Inc. signed a partnership agreement to address the growing, unmet need for accessible, high-quality advanced behavioral health services in Phoenix, Scottsdale and the surrounding communities. HonorHealth selected UHS, one of the nation’s most respected providers of hospital and healthcare services, as its partner because of its behavioral health expertise and the shared vision and commitment to patient- and family-centered care. UHS is also known for strong clinical outcomes and a proven track record of partnering with academic medical centers, regional networks and communitybased entities. UHS will be the majority owner and will oversee the day-to-day operations and management of the new, freestanding 120-bed behavioral health facility, to be constructed at 9160 East Horseshoe Road in Scottsdale on the Salt River Pima-Maricopa Indian Community. The state-of-the-art facility will span more than 73,000 square feet, and will significantly improve access to care for the full continuum of behavioral health programs and services. Groundbreaking is expected to take place in January, with an estimated opening of 2021. “As a nonprofit, locally owned health care network, we see the importance of making a significant investment to provide treatment for patients with behavioral health needs and substance use disorders in our community,” says Todd LaPorte, CEO, HonorHealth. “By partnering with UHS, we’re expanding HonorHealth’s network to meet a growing need and providing more access points across the care continuum.” The new facility will provide a full continuum of inpatient services across the entire patient population, including specialty programs to serve adolescents, adults and older adults, and perform behavioral health assessments 24 hours a day. Additionally, programs for co-occurring behavioral health and substance use issues will be offered to meet the unique needs of this patient population. The facility will provide a robust outpatient program utilizing a combination of group, family and individual therapy. Treatment options will include both intensive outpatient and partial hospitalization. Programs will include services for patients dealing with depression, anxiety and bipolar disorders, as well as schizophrenia and other prevalent behavioral health issues.
Kierland One is a Class A office building located in the Kierland submarket. Situated on 11 acres, the four-story building, 16430 N. Scottsdale Road, is across from the Promenade Shops. (Photo courtesy Kierland One)
Hines sells 90%-leased Kierland One Hines, the international real estate firm, sold Kierland One through a singlepurpose entity partnership between Hines and PCCP LLC for an undisclosed price. Kierland One is 90% leased after recently finishing a building refresh that included renovating the lobby and updating the exterior paint. “Kierland One is a flagship property in the Scottsdale submarket, with highly desirable tenants and a newly renovated building,” says Chris Anderson, senior managing director and Arizona leader for Hines. The buyer is Velocis of Dallas, a private equity real estate investment firm pursuing medical office, retail and mixed-use properties. Kierland One is its third investment in the Phoenix area. In 2016, Velocis purchased Park One, a three-building complex in the prestigious Camelback Corridor. In addition, Velocis owned Camelback Square, a three-story Class A office building in the heart of Old Town Scottsdale from 2015 to 2019. “The quality of the asset and tenancy, as well as the walkable amenities in the Scottsdale Airpark submarket make One Kierland an attractive asset for our investment strategy,” says Jim Yoder, partner, Velocis. “Phoenix continues to be one of the strongest job creation markets in the country, and we are pleased to expand our
presence in the market. We look forward to building on the great work that Hines and PCCP accomplished at One Kierland by putting our own Velocis stamp on the property.” Kierland One is a Class A office building located in the Kierland submarket. Situated on 11 acres, the four-story building, 16430 N. Scottsdale Road, is across from the Promenade Shops, within the Kierland master-planned development. The surrounding area has attracted many banks and financial organizations and is located near the Scottsdale Quarter, Kierland Commons and the Westin Kierland Resort & Spa. Hines added on-site food and beverage amenities for tenant convenience. The property is leased to a variety of blue-chip companies doing business in Arizona and across the country. Hines acquired Kierland One in 2013 with joint venture equity partner PCCP LLC. Alliance Bank of Arizona served as Hines’ lender at the time. Hines will continue to serve as the property manager. Barry Gabel, Chris Marchildon and Will Mast from CBRE represented Hines in the sale. Velocis was not represented by a broker. Luke Walker, Brad Anderson and Mike Strittmatter with CBRE represented Hines for the leases.
Career Connectors hosts monthly meeting Are you in career transition? Career Connectors is a nonprofit organization connecting professionals to high-quality resources and hiring companies. Events are available at no cost. Each event includes professional career speakers with presentations on relevant job search topics, three to four featured hiring com-
16 / SCOTTSDALE AIRPARK NEWS / DECEMBER 2019
panies, networking, resume help, career coaches, LinkedIn coaches and business portraits. The event is 9 a.m. to noon Thursday, December 12, at Highlands Church, 9050 E. Pinnacle Peak Road, Scottsdale. Info: careerconnectors.org or call 480442-5806.