Newmark Facilitates ViaWest Group’s Acquisition of Stabilized Multi-Tenant Office Building in Mesa, Arizona

December 22, 2025 9:00 AM

Newmark announces the Company arranged the sale of 5416 East Baseline Road, a two-story, 63,834-square-foot office building located in Mesa, Arizona. The property sold for an undisclosed amount.

Newmark Executive Managing Directors Barry Gabel, Chris Marchildon and CJ Osbrink represented the seller, Minneapolis-based Founders Properties. The buyer was ViaWest Group, a leading Phoenix-based real estate investment, development and management firm.

“This acquisition underscores the enduring value of high-quality, well-located office investments in the Phoenix market,” said Marchildon. “5416 E Baseline is a stabilized, infill suburban asset at the heart of a rapidly expanding medical and commercial corridor, anchored by Banner Gateway Medical Center. With strong in-place occupancy and the ability to migrate tenancy toward high-demand medical users, the property offers secure cash flow today and compelling long-term upside.”

“This acquisition aligns with ViaWest Group’s strategy of targeting well-located, assets in high-growth corridors with proximity to major medical centers,” said Alex Hondros, Senior Vice President, Acquisitions & Asset Management at ViaWest Group. “5416 E Baseline represents the type of thoughtful, opportunity-driven investment our team remains committed to pursuing across the Valley and will fit well into our growing portfolio of campus adjacent healthcare properties.”

The infill, suburban office property is 95% occupied by eight tenants, primarily in the healthcare and financial services industries. Built in 2001, this asset features efficient floor plates offering flexibility for a wide range of uses and ample parking including some covered spaces. The property provides a consistent income stream with a varied rollover and future operational upside.

The building is within walking distance of a host of retail, restaurant and hospitality amenities, with over 8.9 million square feet of retail within a three-mile radius. It also benefits from convenient access to the US 60 Freeway and is less than one mile from Banner Gateway Medical Center Hospital, home to the world-renowned Banner MD Anderson Cancer Center. Additionally, there are 20 hotels within a three-mile radius, enhancing the location’s appeal.

About ViaWest Group
Established in 2003, ViaWest Group is a Phoenix-based, full-service commercial real estate investment, development, and property management firm. ViaWest Group is one of the fastest growing real estate investment companies in the Southwestern U.S. with over $3.5 billion in aggregate transactions since inception, 12.4+ million square feet owned, managed and under development, with offices in Phoenix and Denver. ViaWest Group is currently seeking to acquire and develop office, healthcare, industrial, and multi-family buildings and land parcels in the Southwestern U.S. Visit our website www.viawestgroup.com.

About Newmark
Newmark Group, Inc. (Nasdaq: NMRK), together with its subsidiaries (“Newmark”), is a world leader in commercial real estate, seamlessly powering every phase of the property life cycle. Newmark’s comprehensive suite of services and products is uniquely tailored to each client, from owners to occupiers, investors to founders, and startups to blue-chip companies. Combining the platform’s global reach with market intelligence in both established and emerging property markets, Newmark provides superior service to clients across the industry spectrum. For the twelve months ended September 30, 2025, Newmark generated revenues of over $3.1 billion. As of September 30, 2025, Newmark and its business partners together operated from approximately 170 offices with over 8,500 professionals across four continents. To learn more, visit nmrk.com or follow @newmark.

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