The leader in cardiovascular care in the southwest, New Mexico Heart Institute ("NMHI"), has signed a 4,000+/- square foot lease in Rio Rancho Executive Plaza. NMHI, the largest private cardiology practice in the state of New Mexico, will be opening in its new facility in mid 2012 to serve the growing needs of area residents.
The physical address of the new operation is 2240 Grande Blvd, which is located just a couple of minutes east of the new state-of-the-art, Presbyterian Rust Medical Center, which opened in late 2011. Constructed in 2007, Rio Rancho Executive Plaza is a 5 building commercial condominium complex containing 47,967 total square feet situated on 4.59 acres of land. With convenient access to highway 528 and close proximity to services and retail, the development is one of the city's largest multi-tenant business parks.
The Ransom-With team has the listing assignment for the remaining lender-owned units in the park, which are asset-managed by Oasis Loan Advisors based in Las Vegas, NV. In recent months, our team has sold four units totaling approximately 7,000 square feet and another 4,000 square feet is currently pending sale to an investor. According to Tim With, CCIM, SIOR, "We have worked in parallel with the asset manager to help create value for the property investors despite a soft economic and financing climate. A combination of strategic marketing and efficient decision making has been the key to moving the remaining units in the park."