STOCKBRIDGE BUYS ST. LUKE’S MEDICAL BUILDING IN PHOENIX FOR $8.4M

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PHOENIX — Stockbridge Funds has acquired St. Luke’s Medical Building, a 49,816-square-foot medical office building in Phoenix, for $8.4 million. The building is located at 555 North 18th Street in the downtown area. It sits adjacent to St. Luke’s Medical Center. The facility was built in 2006. It is currently 86 percent leased. Eric Wichterman and Mike Coover of Cassidy Turley represented both the buyer and seller.

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