The 2 buildings have been a part of an off-market transaction. Picture courtesy of Stage Fairness Companions
An affiliate of Stage Fairness Companions has bought the two-building Hollister Medical Workplace Portfolio in Libertyville, Sick. Hollister Inc. offered the properties in an off-market transaction. The property have been 80 % leased on the time. Cushman & Wakefield Govt Director Gino Lollio represented the vendor, whereas Wintrust Financial institution supplied acquisition financing for the sale of the 91,818-square-foot portfolio.
The primary constructing, dubbed Grand Oaks Well being Middle, is a three-story, 57,585-square-foot workplace property. Accomplished in 1999, the asset sits on 7.9 acres and options two passenger elevators, in addition to parking areas on the primary ground. The tenant roster contains Advocate Well being Care, Northwest Neurology and Lake Forest Inside Medication.
Accomplished in 1980 and redeveloped in 2019, the second medical workplace constructing is named Hawthorn Well being Middle and includes 34,233 sq. toes. The three-story constructing options 11,666-square-foot floorplates and one passenger elevator. Tenants on the 5.1-acre property embody Weil Foot & Ankle Institute, North Shore Major Care and Suburban Periodontics. The 2 properties embody a complete of 411 parking areas.
Positioned at 1800 and 1900 Hollister Drive throughout the Hollister Grove medical campus, the properties are lower than a mile from Rivertree Courtroom, Hawthorn Hills Sq. and Hawthorn Mall, which supply a bunch of eating and retail choices. Downtown Chicago is roughly 37 miles southeast, whereas O’Hare Worldwide Airport is 23.5 miles away. Moreover, the portfolio is 2 miles from a medical workplace constructing that was acquired earlier this yr by Hammes Companions in a six-building transaction.
