Transwestern Exits Fully-Leased Gilbert Medical Asset Anchored by City of Hope

Transwestern Investments has successfully exited its position in a premier Phoenix-area healthcare facility, selling the 93,262-square-foot Copper Point medical office building in Gilbert, Arizona. The divestment caps off a successful value-add strategy that transformed the asset into a fully occupied healthcare hub.

According to REBusinessOnline, Transwestern originally acquired the property in April 2025 through a joint venture partnership with RX Health & Science Trust. During their brief but highly effective ownership period, the partnership executed a business plan that included strategic capital improvements and aggressive leasing efforts, ultimately bringing the building to 100% occupancy prior to the sale. Financial terms of the disposition were not disclosed.

Key Details

Location: 3530 S. Val Vista Drive, Gilbert, Arizona

Property Size: 93,262 square feet

Year Built: 2008

Seller: Transwestern Investments (joint venture with RX Health & Science Trust)

Anchor Tenant: City of Hope

Other Tenants: Prosano Health (a Blue Cross Blue Shield of Arizona affiliate) and Phoenix Children's Hospital

Adjacent Campus: Dignity Health’s Mercy Gilbert Medical Center, a 418-bed, full-service hospital situated at the intersection of South Val Vista Drive and Highway 202

Hold Period: Acquired in April 2025

Market Context

The sale of Copper Point provides a clear window into the dynamics currently driving the medical outpatient sector, particularly in rapidly expanding Sun Belt metros. Gilbert has emerged as a highly desirable submarket within the Phoenix metropolitan area, characterized by robust population growth and escalating demand for specialized healthcare services.

Transwestern's ability to stabilize a nearly 100,000-square-foot asset and exit quickly demonstrates the intense investor appetite for healthcare facilities that offer a mix of creditworthy tenancy and critical location infrastructure. Properties physically attached to or neighboring major hospital campuses—like Copper Point's proximity to the 418-bed Mercy Gilbert Medical Center—continue to command outsized attention from institutional buyers. These adjacency dynamics guarantee a steady flow of referrals and patient traffic, effectively mitigating the vacancy risks that often plague traditional office assets.

Furthermore, the tenant roster at Copper Point reflects broader healthcare delivery trends. The presence of Phoenix Children's Hospital and a Blue Cross Blue Shield affiliate points to a growing shift toward outpatient care models, where health systems are decentralizing services to provide more accessible, localized treatment options. As healthcare networks continue to compete for regional market share by expanding their outpatient footprints, well-located medical properties in the Phoenix submarket are expected to remain highly liquid, defensive assets for commercial real estate investors.