Insight Medical Realty Buys El Dorado Medical Plaza
The Tucson healthcare campus, anchored by Tucson Medical Center, changed hands from Meridian and Harrison Street Asset Management in a deal with an undisclosed price.
Updated on Nov. 6, 2026 in Healthcare
Insight Medical Realty acquired El Dorado Medical Plaza, a 182,900-square-foot healthcare campus at 1400 N. Wilmot Road in Tucson, Arizona. The sellers were Meridian and investor Harrison Street Asset Management, which had acquired the property in 2021 from Clarion Properties.
Why it matters
The deal moves a large medical office and hospital campus in Tucson into new ownership, which keeps healthcare real estate in the city under active investment. The sellers recently modernized the property, a sign of the upgrades buyers look for in aging medical facilities.
The 182,900-square-foot campus sits on 11.77 acres, and Tucson Medical Center occupies about 78,000 square feet under a recently extended lease. The purchase price was not disclosed.
The players
Insight Medical Realty
Insight Medical Realty is the healthcare real estate firm that acquired El Dorado Medical Plaza.
Harrison Street Asset Management
Harrison Street Asset Management is an investment manager that co-owned El Dorado Medical Plaza with Meridian before the sale.
Tucson Medical Center
Tucson Medical Center is a major Tucson hospital and the largest tenant anchoring the El Dorado campus.
The details
The three-story campus includes medical office space, a surgery center and hospital uses, and is anchored by Tucson Medical Center and El Dorado Springs Behavioral Health, a Lifepoint Health behavioral health hospital. Before the sale, Meridian and Harrison Street modernized elevators, replaced major HVAC, central plant and electrical systems, installed a new fire alarm system and emergency backup generation, and improved entrances, parking and exterior areas, and they acquired the underlying land interest, converting the property to fee-simple ownership.
Timeline
2021: Meridian and Harrison Street acquired the property from Clarion Properties.
Recent: TMC extended its lease at the property before the sale.
Industry Context
The Tucson sale is one of several September medical property deals, including Healthcare Realty's purchase of two outpatient properties and Woodside Health's acquisition of Moss Park Medical Center in Orlando. Together these transactions show healthcare real estate investors continuing to buy established medical campuses rather than only developing new ones.
Patients and staff at El Dorado Medical Plaza in Tucson will continue using the campus, which the sellers recently upgraded with new elevators, HVAC and backup generation. The change in ownership does not alter the tenants currently operating there.
The takeaway
Medical campus ownership changes often leave day-to-day operations unchanged, but recent capital upgrades can signal a property's long-term value. Readers tracking healthcare access in Tucson can watch whether the new owner invests further in the campus.
Further reading
Explore more healthcare industry coverage to see how medical real estate deals are shaping Arizona's care network.
Source note: This article includes information reported by Commercial Property Executive.
