Walton Global Sells 10-Acre Phoenix Parcel for Hospital Development
Walton Global, a real estate investment and land asset management company, has completed the sale of 10 acres from Sunshine Industrial Park. The sales price was not disclosed.
The sale brings the property to over 135 acres sold out of the total 277 acres in the Sunshine Industrial Master Plan. Located in the Phoenix suburb of Eloy, Walton says the land was sold to Exceptional Healthcare, an integrated healthcare provider offering 24/7 emergency room services, which intends to develop an Exceptional Community Hospital on the parcel.
“It’s been a privilege to work with Exceptional Healthcare, and we look forward to seeing their development offer crucial healthcare support services to the City of Eloy and the surrounding region,” said Rob Nixon, senior vice president, real estate for Walton Global. “This parcel is in an ideal location for healthcare services, as it is conveniently situated in the heart of the Phoenix-Tucson corridor with multiple access points from major roads and highways, and in one of the country’s fastest growing counties.”
Walton Global says they are actively looking for partners to acquire the remaining 142 acres of the Sunshine Industrial Master Plan, which is zoned for industrial and commercial use and is fully serviced with water, wastewater, power, telecommunications and gas. Additionally, the site offers multiple vehicular access points and high visibility to Interstate 10.
“Closing on this land represents a significant milestone in our development and reflects our investment in the local community,” said Don Nicolini, vice president of development for Exceptional Healthcare. “With the new Exceptional Community Hospital, our goal is to provide widespread access to top-tier healthcare services, and the location and easy access to Sunshine Industrial Park helps us to reach this vision.”
Exceptional Healthcare has recently received the approval of building permits for the construction of the Exceptional Community Hospital. Construction is expected to commence in the coming months, with an anticipated opening date in 2024.
Walton Global is a privately-owned land asset management and real estate investment company with $3.3 billion in assets under management.
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