Hammes Partners pays record price to Irgens for medical office building in Phoenix area


Spectrum Medical Commons, a 43,355-square-foot Class A medical office building adjacent to Mercy Gilbert Medical Center, has been sold for $17.75 million in a deal involving two Milwaukee companies.

The per-square-foot price of $409.41 is the highest price per square foot ever for a multi-tenant medical office building in the Phoenix area.

Brian Ackerman of JLL brokered the transaction. Hammes Partners, a Milwaukee-based private equity platform focused exclusively on the U.S. health care real estate…

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