Projects
Throughout their careers, our principals have been involved in the development and leasing of various award-winning healthcare facilities throughout the Midwest and Southwest.
Development
Oak Brook Commons Medical
Oak Brook, IL
Oak Brook Commons Medical, a 180,000 SF ground-up development for Northwestern Medicine that was completed in the fourth quarter of 2022 and is located in Oak Brook, IL.
Advocate Medical Group
Park Ridge, IL
Advocate Medical Group Park Ridge, a 22,000 SF ground-up development for Advocate Health that was completed in the second quarter of 2022 and is located in Park Ridge, IL.
NCH Outpatient Care Center
Buffalo Grove, IL
NCH Buffalo Grove Outpatient Care Center, a 71,000 SF ground-up development for Northwest Community Hospital that was completed in the third quarter of 2021 and is located in Buffalo Grove, IL. The project has been recognized for excellence by a variety of healthcare and real estate organizations.
Mercy Medical Commons II
Gilbert, AZ
Mercy Medical Commons II, a 60,000 SF ground-up development anchored by The CORE Institute that was completed in mid-2020 and is located in Gilbert, AZ. The project has been recognized for excellence by a local real estate media outlet.
Shirley Ryan AbilityLab
Homewood, IL
Shirley Ryan AbilityLab Homewood, a 21,000 SF ground-up development for Shirley Ryan AbilityLab that was completed in the third quarter of 2020 and is located in Homewood, IL.
Healthcare leasing
Spec trophy MOB in Oak Brook, IL
-
Developer acquired strategically placed parcel in the heart of the $500MM Oak Brook Commons mixed-use development
-
Marketed site to leading Chicagoland health systems during the peak of the COVID-19 pandemic and created a competitive market for a developer owned site
-
Leased entire MOB to a premier academic health system
Academic health system in the Lakeview neighborhood of Chicago
-
Tenant expressed need to expand several years prior to lease expiration while paying above market rents
-
Landlord required preservation of building valuation given placement in core fund limiting ability to modify lease economics
-
Engineered lease restructure that preserved building value while providing concessions for tenant to expand several years before natural lease expiration
Physician group expansion requiring relocation of existing tenant
-
Tenant needed to expand contiguous or would expand elsewhere in market
-
Contiguous space was occupied by long-term leases with no relocation rights
-
Found a win-win-win solution to accommodate contiguous growth while preserving tenancy of existing tenant - extended relocated tenant's lease to drive building value prior to impending property sale
Class 'B' MOB with high vacancy and impending debt maturity
-
Near term lease expirations for the remaining two occupied suites - leaving ownership with a potentially vacant asset
-
Limited demand in the market for vintage MOB space, however, existing tenant had ASC requirement in market
-
Marketed building as a potential ASC based on prior success, conversion of similar asset next door to ASC, and signed existing hospital tenant to long-term lease for majority of rentable area in the property