Citywide Commercial Inks Major Medical Lease Renewal at Park Central
DMG Children’s Rehabilitative Services continues presence at growing medical hub
PHOENIX, April 20, 2020 – Boutique metro Phoenix brokerage firm Citywide Commercial has completed a 56,000-square-foot lease renewal that keeps District Medical Group’s (DMG) Children’s Rehabilitative Services at Park Central, a rapidly emerging hub for medical education and services in Phoenix’s midtown submarket.
The lease will extend DMG’s presence at Park Central for 10 years and continue its participation in the revitalization of Park Central – an effort directed by Plaza Companies and Holualoa Companies to transform the city’s first large-scale mall into an almost 500,000-square-foot mixed-use project.
Most recently, this transformation has included a strong medical focus with the groundbreaking of a new $100 million Creighton University health sciences campus, able to support nearly 900 students, and activity by the Creighton University Arizona Health Education Alliance. Supported by Creighton University, Dignity Health, Valleywise Health (formerly Maricopa Integrated Health System) and DMG, the Alliance is based out of Park Central and focuses on expanding physician education and training in the Valley.
“Park Central is quickly becoming a major new medical hub in Phoenix, both for education and for patient services,” said Citywide Commercial Senior Vice President Bo Sederstrom, who represented DMG in their lease negotiations. “This is great news for Phoenix, which consistently ranks as one of the fastest growing populations in the nation. Groups like DMG will help us to keep pace with that growth and the associated rise in demand for quality medical care.”
DMG Children’s Rehabilitative Services is the only multi-specialty interdisciplinary clinic in Maricopa County providing care to Arizona children with special needs. Located at 3141 N. 3rd Ave. in Phoenix, on the southwest corner of Central Avenue and Osborn Road, the office serves infants through age 21 with over 85 medical providers and more than 25 pediatric specialties. It also provides services ranging from labs and X-rays to education and support. DMG has been a tenant at Park Central since 2013.
About Citywide CRE
Citywide Commercial Real Estate is a boutique commercial real estate firm specializing in commercial real estate properties within the greater Phoenix market. Under the direction of industry veterans, Citywide provides expertise in all stages of commercial real estate investment including site selection, investment strategies, leasing and property marketing. On each front, the company lives out its mission to provide innovative, results-oriented, customer-first services that maximize the potential of every industrial asset in its care. To learn more visit www.citywidecre.com.
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