Wednesday, November 6, 2019

PMB Breaks Ground For St. Mary’s Medical Pavilion in Arizona

Real estate developer PMB has broken ground on the new Class A, 55,000-square-foot St. Mary’s Medical Pavilion on Carondelet St. Mary’s Hospital campus in Tucson, Ariz. The $19 million project on the campus of the 400-bed acute-care hospital is already 60 percent pre-leased by Carondelet Medical Group, which will anchor the building with a 23,000-square-foot multispecialty practice. Other tenants will be The Oncology Institute of Hope and Innovation and MHC (Marana Health Clinic).

The new medical offices will increase the total square footage by 50 percent compared to the existing Century Medical Plaza. The new, two-story medical office building will be adjacent to the existing 37,000-square-foot Century Medical Plaza, which PMB acquired from Healthcare Realty Trust in December 2018.

When St. Mary’s Medical Pavilion is completed in July 2020, PMB will demolish the Century Medical Plaza and develop 275 surface parking spaces dedicated to servicing visitors to the new building. A number of existing Century Medical Plaza tenants will relocate into the new building upon completion.



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