Banner Health pays $22.13M ($1.17M/acre) in cash for vacant land near TSMC development at I-17 and Jomax

4/17/2026

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Phoenix Business Journal

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• Subcategory: Land: Commercial

• Tag: Sale

• Additional Filters-Subcategory: Land: Medical

• Additional Filters-Tags: Sale: Owner/User, Sale: Single Property

• Company: Banner Health

Highlights
Banner Health closed on an 18.81-acre land purchase for $22.13 million
Arizona's largest private employer supports 140,000 jobs across the state
Fitch Ratings assigned Banner Health an AA- long-term rating

Banner Health

Troy Freeman | VP, Real Estate Management

[email protected]

480-684-8986