Phoenix-based Banner Health has sold a medical office building in Peoria, Ariz., for $29 million to healthcare property manager Montecito Medical Real Estate, according to a March 17 report from Phoenix Business Journal.
Banner will lease the 73,327-square-foot building back from Montecito.
Banner Health also sold a 70,000-square-foot Phoenix property for $48.5 million to Virtus Real Estate Capital.
It has an additional medical pavilion in Glendale, Ariz., listed for sale as well.