CORFAC News

February 17, 2015 — Phoenix, Ariz: Commercial Properties, Inc., Arizona’s largest locally owned commercial real estate brokerage, is pleased to announce the lease of two suites for Spooner Physical Therapy. Spooner Camelback will be expanding and relocating to 5040 N. 15th Avenue, and Spooner Desert Ridge will be expanding and relocating to 20830 N. Tatum Blvd., in Phoenix, Arizona. Scott Nelson of CPI's Scottsdale Office Group represented the tenant, Spooner Physical Therapy at these properties.  

Spooner Physical Therapy leased a suite in Camelback Medical Plaza, a ±47,755 SF medical building at 5040 N. 15th Avenue. Camelback Medical Plaza is located just north of Camelback Road, on 15th Avenue and is listed by Colliers International. Spooner Physical Therapy also leased space in Desert Ridge Corporate Center, a 137,225 SF office building at 20830 N Tatum Blvd. Desert Ridge Corporate Center - Phase II was built in 2007, and is listed by Lee & Associates.  

"My client, Spooner Physical Therapy offers outpatient rehabilitation services at their 16 locations throughout the valley.  For the last 25 years, they have transformed their communities through the founding principle of ‘health in motion," said Nelson. "Moving into new suits allows Spooner Physical Therapy to better serve their clients physical therapy needs by offering the surrounding communities services such as orthopedic rehab, hand therapy, breast cancer rehab, pelvic health therapy, ASTYM treatment, trigger point dry needling, and the AlterG Anit-Gravity Treadmill. The therapists work closely with their patients in setting individualized, goal driven care, dedicated to helping individuals of all ages and abilities achieve their maximum physical potential. Visit spoonerphysicaltherapy.com for more information on locations and services."

The combined square footage taken by Spooner Physical Therapy was ±11,666 SF and resulted in nearly $2.5 million in total consideration. Scott Nelson may be contacted for additional information at snelson@cpiaz.com, or (480) 522.2790.

About Commercial Properties Inc./CORFAC International
CPI is a CORFAC International affiliate, full-service Brokerage and Property Management firm for all product types. Headquartered in Tempe, the company has more than 50 brokers and occupies two offices locally. Currently, CPI's listings include over ±16.7 million square feet for sale/lease, and 140 projects under property management, totaling more than 5 million square feet. Please visit our web site at www.cpiaz.com.