GLENDALE, Ariz. (April 17, 2025) – Banner Health and UDLR Healthcare on Wednesday celebrated the grand re-opening of the Banner Thunderbird Medical Pavilion located on the Banner Thunderbird Medical Center campus in Glendale, Ariz.
The grand re-opening event included Glendale Mayor Jerry Weiers and executives from Banner Health and UDLR participating in a ribbon-cutting ceremony, guided tours of the new facility and an open house of entities in the pavilion. The event was co-hosted by UDLR and the Phoenix office of JLL, the leasing brokers for the property.
“We are incredibly excited to unveil the next step in our improvements to this Thunderbird campus,” said Debbie Flores, chief executive officer of Banner Thunderbird Medical Center. “This redevelopment reflects our commitment to providing high-quality, accessible healthcare in a modern and comfortable setting.”
The Thunderbird Medical Pavilion was the first investment for UDLR Healthcare, a new venture between GI Partners and former executives from Healthcare Trust of America, created to invest in the medical office sector. It was acquired in December 2023. Since that time, ULDR has completed a strategic renovation of the property, including full exterior building renovations, upgraded common areas, new building monument signage, upgraded interior wayfinding, refreshed landscaping, improvements to a pedestrian bridge that connects to the main Banner Thunderbird hospital and investments in building operations that maximize energy efficiency, security and functionality.
“The Banner Thunderbird Medical Pavilion renovation was completed in lockstep with Banner’s overarching mission to serve as the preeminent healthcare provider for metro Phoenix’s West Valley,” said UDLR Chief Executive Officer Robert Milligan. “Our grand re-opening is a benchmark in that effort, bringing an on-campus, state-of-the-art outpatient setting that improves the medical experience for patients and providers alike. We appreciate the trust Banner has placed in UDLR and we look forward to our continued partnership with the hospital, the Banner Foundation and the tenants and patients who will continue to bring this vision to life.”
It has completed the delivery of two move-in-ready spec suites offering turn-key lease options for dental and medical users. And has welcomed the addition of tenants providing podiatry services, lab services, behavioral health and clinical trials.
“This campus is employing over 2,750 employees and that’s a big deal,” said Glendale Mayor Jerry Weiers on Wednesday. “That’s jobs, that’s lifestyles, that’s opportunities, that’s taxable income and that gives me what I need to run a city to make this city where people want to come here. And I think we are proving that each and every day.”
The redevelopment project was completed in partnership with SmithGroup, Tepcon Construction, Okland Construction and AK-SAR-BEN Companies. State 48 Integrations installed an energy management system driving significant energy improvements. BMO Bank N.A. provided financing.
Leasing representatives for the facility are Katie McIntyre and Mari Lederman.
As part of the celebration, UDLR presented the Banner Foundation with a donation of $25,000.
About UDLR Healthcare
Headquartered in Scottsdale, Ariz., UDLR Healthcare’s mission is to become a leading innovator, investor, and operator in medical outpatient real estate. The company aims to create alignment across all sector stakeholders via partnership with leading health systems and physicians. Our company was jointly founded by two leaders in their respective sectors – GI Partners, a leading private alternatives investment firm with a track record of launching and scaling investment platforms in specialized sectors, and a team of former executives from Healthcare Trust of America (HTA), the largest integrated owner and operator of MOBs in the United States prior to its sale in July of 2022. For more on the platform’s team and investment strategy, please visit www.udlr.com.
About Banner Thunderbird Medical Center
Banner Thunderbird Medical Center in Glendale, Ariz., specializes in heart care, surgical services, obstetrics and gynecology, emergency and trauma care, behavioral health, cancer care, rehabilitation and pediatrics, including the West Valley’s only pediatric intensive care unit, pediatric Emergency department and Level III neonatal intensive care unit. Banner Thunderbird also operates a Level I Trauma Center for patients ages 15 and older. The hospital is part of Banner Health, a nonprofit health system with 33 hospitals in six states. For more information, please visit bannerhealth.com/thunderbird.
Captions for photos below:
(left to right) UDLR Healthcare CEO Robert Milligan, UDLR COO Olivia Waalboer, Banner Thunderbird Medical Center CEO Debbie Flores and Glendale Mayor Jerry Weiers cut the ribbon on the Thunderbird Medical Pavilion on April 16, 2025.
(left to right) UDLR Healthcare CEO Robert Milligan, UDLR COO Olivia Waalboer, Glendale Mayor Jerry Weiers, Banner Thunderbird Medical Center CEO Debbie Flores and Banner Foundation supervisor Kelly Cabral during the check presentation at the grand re-opening of the Thunderbird Medical Pavilion on April 16, 2025.
For further information contact us at: media@bannerhealth.com
