Hammes Partners Pays $409 Per SQFT for AZ Medical Building

Commercial Property Executive   |   Roxana Baiceanu

Posted In — News & Press | In the News

Private equity platform Hammes Partners purchased Spectrum Medical Commons in Gilbert, Ariz., two years after developer Irgens completed the project. The 43,355-square-foot property sold for $17.8 million or $409.41 per square foot. According to Yardi Matrix data, the purchase was all cash, with part of the price, $9.2 million, being covered via a loan with Enterprise Financial.

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