Well-known valley broker turns developer, lands medical office for Banner in Chandler
Andy Ogan, a 20-year brokerage veteran who has risen through the ranks of the commercial real estate industry recently launched Unbound Development, a newly formed development company centered around industrial, healthcare, office and retail build-to-suit opportunities in Arizona. Ogan’s new firm has already gained traction with his first project, ALMA 202, by signing long term leases on a build-to-suit basis with Banner Health for 66,000 square-feet and EOS Fitness for 38,000 square-feet.
“Much of my brokerage career has been spent representing employers as they acquire or lease their spaces. Now, to have the opportunity to leverage this knowledge into helping employers secure the right piece of land, assist in design and then to build their ideal spaces is an incredible opportunity,” said Andy Ogan, Unbound Development President and CEO. “I couldn’t think of a better time to be a key part in shaping the future of development within the Phoenix Valley, than right now.”
This ALMA 202 development is located at the northeast corner of the San Tan Loop 202 and Alma School Road, situated on a 15-acre site. Of that site, Banner Health and EOS Fitness occupy a total of 7.5 acres, with 7.5 acres remaining and earmarked for Banner’s future expansion at ALMA 202 to support the nearby Banner Ocotillo Medical Center. Slated to open this upcoming November, Banner Ocotillo Medical Center is a new, comprehensive medical center that offers key inpatient and outpatient services; such as, emergency care, intensive care, endoscopy, cardiac catheterization, imaging, surgical and women’s services.
“With this site being positioned across the 202 from Banner Ocotillo Medical Center, Banner has the unique opportunity to continue their expansion,” said Ogan. “The mission of ALMA 202 is to collaborate and partner with Banner Health so they can continue providing first-class healthcare to the community.”
As the exclusive developer for ALMA 202, Ogan is excited to equip Banner with a building that expands the out-patient capacity of their Ocotillo Medical Center, and supports the future healthcare needs of the surrounding community. This new medical office building is a three-story facility that includes infrastructure to accommodate the needs of a surgery and imaging center, amongst other medical exam and treatment spaces to be completed in August of 2021.
Construction is already underway on the new medical office building. The structure will be composed of traditional composite steel deck floors, an Exterior Insulation Finish System (EIFS), composite metal panelling and architectural masonry veneer.
“Through this new venture, there are many areas of the Valley that Unbound is looking to develop,” said Ogan. “I am in the process of creating more industrial opportunities in the southeast valley and in Goodyear near the 303 and I-10.”
This is just one example of Ogan’s ability to apply his vast market knowledge in combination with his understanding of client needs in the land acquisition and build-to-suit process. His passion for finding unique solutions to the challenges presented results in new developments that impact the economy at large.