Highlights
- Transwestern assumed management of 47 healthcare properties totaling 3.1 million square feet on Oct. 1, 2026.
- The portfolio, owned by Spring Creek Healthcare Properties, spans 16 states including a Phoenix-market presence.
- Other major markets include Southern California, Denver, Dallas-Fort Worth, Houston, San Antonio, Tampa Bay, and South Florida.
- Transwestern has prior Scottsdale-market activity, having brokered one of the largest non-renewal office leases in the submarket in 2023.
Transwestern has taken over property management of a 3.1 million-square-foot medical outpatient portfolio for Spring Creek Healthcare Properties, with Phoenix listed among the major markets in the 47-property, 16-state assignment. Management transferred on Oct. 1, 2026.
The portfolio spans major Sun Belt and coastal metros: Southern California, Phoenix, Denver, Dallas-Fort Worth, Houston, San Antonio, Tampa Bay, and South Florida. The source material does not specify how many of the 47 buildings sit in the Phoenix market or identify individual property addresses.
Spring Creek Healthcare Properties is the named client; principals behind the firm are not disclosed in the source material.
Why does this matter to Phoenix-area property owners?
Healthcare real estate has become one of the more closely watched commercial segments in the Phoenix metro, where medical outpatient demand tracks population growth. A single third-party management assignment of this scale signals that institutional owners are consolidating operations under regional specialists rather than managing market by market.
Transwestern has an established footprint in the Scottsdale submarket. In November 2023, the firm brokered a 70,347-square-foot sublease for WWEX Group at 7350 N. Dobson Road, which Transwestern described at the time as one of the largest non-renewal leases in the submarket that year. The Scottsdale office submarket carried 24.6 million square feet of inventory and a 14.5% vacancy rate as of Q3 2023, per that same announcement.
No additional Phoenix-specific details, lease terms, or management fee structure were disclosed in the announcement.
Sources
Every factual claim in this article traces to one of the sources below. See how we work for the editorial process.
- rejournals.com retrieved 03/11/2026 16:40
- transwestern.com retrieved 03/11/2026 16:40
Authored by The Scottsdale Signal. Drafted by AI from primary-source material under our beat-specific editorial guides; reviewed by humans before publish under our five-gate process. Sources retrieved at 03/11/2026 16:40. Every claim traces to a source.
