Banner Health Acquires Land Near TSMC for $22.13 Million
Banner Health has purchased 18.81 acres of vacant land for $22.13 million near the TSMC campus in Phoenix, Arizona. This acquisition aims to support expanded healthcare services in the rapidly growing north Phoenix area.
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Banner Health has acquired a vacant 18.81-acre parcel near the Taiwan Semiconductor Manufacturing Company (TSMC) campus for $22.13 million, closing on April 16. The land, located at the intersection of Interstate 17 and Jomax Road, was sold by US Raven I LP, linked to Affinius Capital.
While specific plans for the site have not been disclosed, Banner Health has indicated that this purchase is part of its strategy to enhance healthcare access in north Phoenix. The investment reflects the organization's focus on real estate as a means to sustain essential health services, ensuring operational flexibility for future needs in the community.
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