Jones Lang LaSalle Inc.
11/12/2026 | Press release | Distributed by Public on 11/12/2026 11:13
JLL Capital Markets arranges sale and acquisition financing of El Dorado Medical Campus in Tucson, Arizona
Key Takeaways
- JLL Capital Markets has facilitated the sale and acquisition financing of El Dorado Medical Campus, an outpatient medical and behavioral health facility in Tucson, Arizona.
- Insight Medical Realty acquired the 182,900-square-foot campus from Meridian Property Company and Harrison Street. The property is anchored by Tucson Medical Center and El Dorado Springs Behavioral Health.
- Located less than two miles from Tucson Medical Center's flagship hospital, El Dorado Medical Campus is positioned to benefit from Tucson's rapid growth. The metro area's population is up 10% since 2010, and gross domestic product has grown 20% over the past decade.
PHOENIX, Nov. 12, 2026 - JLL Capital Markets announced today that it has closed the sale of El Dorado Medical Campus, a 182,900-square-foot outpatient medical and behavioral health facility in Tucson, Arizona.
JLL's Medical Properties Group represented the sellers, Meridian Property Company and Harrison Street, and advised the buyer, Insight Medical Realty LLC, in securing acquisition financing.
El Dorado Medical Campus is a three-story building that serves as the primary outpatient hub for TMC Health's Tucson Medical Center, a 568-bed hospital that is ranked the #5 hospital in Arizona by U.S. News & World Report. At El Dorado Medical Campus, TMC Health operates an infusion center, cardiac rehabilitation, wound care, a nutrition clinic and three family practice groups. Meridian, in partnership with Harrison Street, recently negotiated a long-term lease extension with TMC Health, which now occupies approximately 78,000 square feet at the property. The remaining space is leased to the 106-bed El Dorado Springs Behavioral Health Hospital, operated by Lifepoint Health.
"El Dorado is not a typical medical office transaction. The campus combines outpatient medical services, inpatient behavioral health and an ambulatory surgery center within a former hospital setting, which makes it a highly specialized asset with very few direct comparables. That complexity required both an active-ownership strategy and, ultimately, a buyer that understood the nuances of healthcare real estate," said John Pollock with Meridian Property Company.
Since acquiring the campus in March 2021, Meridian and Harrison Street have invested in extensive capital improvements, including modernized elevators; replacement of major HVAC, central plant and electrical systems; a new fire alarm system and emergency backup generation; and upgrades to plumbing, entrances, parking and wayfinding. The sellers also acquired the underlying land interest, converting the property to fee-simple ownership.
Located on 11.77 acres at 1400 N. Wilmot Road, the campus sits in Tucson's primary medical corridor, less than two miles from Tucson Medical Center's flagship hospital. The corridor also includes St. Joseph's Hospital. The property serves the expanding Tucson area, which has grown by 10% since 2010 and is forecast to continue outpacing national population growth. El Dorado Medical Campus also stands to benefit from limited new supply, as no significant medical outpatient or behavioral health facilities are scheduled for delivery in Tucson over the next five years.
JLL's Capital Markets group is a full-service global provider of capital solutions for real estate investors and occupiers. The group's in-depth local market and global investor knowledge delivers the best-in-class solutions for clients, including investment sales and advisory, debt advisory, M&A and corporate finance, loan sales, equity & fund placement, net lease, derivative advisory and energy & infrastructure advisory. The group has more than 3,000 Capital Markets specialists worldwide with offices in nearly 50 countries.
For more news, videos and research resources, please visit JLL's newsroom.
About JLL
JLL (NYSE:JLL) is a leading global commercial real estate services and investment management company with annual revenue of $26.1 billion, operations in over 80 countries and a global workforce of more than 112,000 as of September 30, 2026. For over 200 years, clients have trusted JLL, a Fortune 500® company, to help them confidently buy, build, occupy, manage and invest across a variety of industries and property types, including office, industrial, hotel, multi-family, retail and data center properties. Driven by our purpose to shape the future of real estate for a better world, we help our clients, people and communities SEE A BRIGHTER WAY. Powered by rich global datasets and leading technology capabilities, we provide coordinated, end-to-end delivery of real estate services for a broad range of global clients who represent a wide variety of industries. Through LaSalle Investment Management, we invest for clients on a global basis in both private assets and publicly traded real estate securities. For further information, visit jll.com.
About Meridian Property Company
Founded in 1999, Meridian is a full-service real estate owner and operator specializing in healthcare real estate. Meridian's services span the entire development and investment lifecycle, including acquisitions, entitlement, planning, development, construction management, leasing and asset management. Meridian has offices throughout the western United States and has developed and acquired millions of square feet of healthcare and life sciences real estate. For more information, see www.mpcca.com.
About Harrison Street Asset Management
Harrison Street Asset Management ("HSAM") is a leading global alternative investment
management firm with $110 billion in assets under management across real estate,
infrastructure, and credit strategies. Headquartered in Chicago, Toronto, and London with over 600 employees in offices across North America, Europe, Asia and the Middle East, the firm offers innovative solutions across a variety of closed-end, open-end and specialized vehicles on behalf of over 1,100 institutional investors and over 300 Registered Investment Advisors. HSAM data and descriptions of HSAM's business are generally comprised of the aggregated data and business activities of investment advisors that are owned in whole or in part by HSAM.
Assets under management ("AUM") reflects the AUM for the investment advisory and asset
management clients of such investment advisors and is inclusive of the regulatory AUM of suchinvestment advisors that is reported in their respective Form ADVs.
About Insight Medical Realty
IMR focuses on the acquisition and development of healthcare real estate for individuals in need of behavioral health or higher acuity physical rehabilitation. For more information, please visit: www.insightmedicalrealty.com.
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