5-building medical office complex under construction in San Tan Valley

PHOENIX – Construction is underway on a five-building health care office complex in San Tan Valley called Terraza Medical Village.

The complex will provide 100,000 square feet of medical office space on 12 acres at 40245 N. Gantzel Road, south of Ocotillo Road.

Kraus-Anderson Construction started work on the $45 million project on March 10. An official groundbreaking ceremony is scheduled for Aug. 16.

An estimated 340,000 people live within a 10-mile radius of the location, which is 2 miles north of Banner Ironwood Medical Center in Queen Creek.

“San Tan Valley and the surrounding areas have been some of the fastest growing neighborhoods in the state for the last four years, and there is no sign of it slowing down,” Jaki Scott, director of operations in Kraus-Anderson’s Phoenix regional office, said in a press release Monday.

Tri-City Cardiology to open office at Terraza Medical Village

The first two Terraza Medical Village buildings are expected to open in May 2026.

Tri-City Cardiology, an established East Valley cardiology and vascular care practice with 27 board-certified physicians, is on track to be the first tenant. The practice will occupy the first floor of Building 3.

“All of the space in Terraza Medical Village will be occupied by specialty medical groups with providers and services to take care of Valley residents,” Gregg Florentin, CEO of Tri-City Cardiology, said in the release. “The best part is, in a few years, patients will have an all-encompassing facility with specialists, a pharmacy, a surgical center, rehab partners and so much more.”

TCCC Real Estate Holding Company is developing the project, with TriArc Design and Architectural Services handling the design.

Related

Behavioral health provider Denova Collaborative Health moves its West Valley clinicInvestment firm celebrates Mesa purchase, announces acquisition of Phoenix medical officeMedical center office building in Chandler sells for $7.3 millionPark City-based fitness, retail and social space celebrates grand opening in PhoenixDepartment of Health confirms first case of Clade I mpox in Arizona but says public risk lowMaricopa County announces 6 new measles exposure sites in Chandler, Phoenix