Arizona Integrated Physicians, an organization comprised of more than 700 physicians, and multiple physician investors bought the facility in March for $2.5 million. They have since started a $7.5 million renovation project of the 55,000-square-foot building.
The makeover should be completed by the end of 2012, according to the report. The physicians also hope the new medical facility will meet the needs of an area that, according to their market research, has a shortage of premium medical space.
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