RUSH Oak Brook Medical Middle got here on-line in 2018 as a build-to-suit. Picture courtesy of Treatment Medical Properties
Treatment Medical Properties, in a three way partnership with Kayne Anderson Actual Property, has acquired RUSH Oak Brook Medical Middle, a 93,386-square-foot medical workplace constructing in Chicago. The asset traded for $71 million, in response to Crain’s Chicago Enterprise. Rush Well being bought the LEED Gold-certified property in a sale-leaseback transaction.
RUSH Oak Brook got here on-line in 2018 on 3.5 acres. The three-story constructing includes a two-story atrium major foyer, a seating lounge, two passenger elevators, a health middle and managed entry. The medical facility contains a multi-specialty surgical procedure middle with six working rooms, two process rooms, 28 affected person bays, 65 examination rooms, outpatient surgical suites, an imaging middle and in-house lab providers.
READ ALSO: MOB Sector Stays Secure, Engaging
Boasting a 99 % occupancy, the property is leased long-term to RUSH College System for Well being and Midwest Orthopaedics at RUSH, a division of OrthoMidwest. Medical providers supplied embody bodily remedy and rehabilitation, neurosurgery, OB/GYN, dermatology, ache administration, gastroenterology and first care, amongst others.
The medical middle is at 2011 York Street, lower than 20 miles from downtown Chicago and has entry to interstates 88 and 294. The encircling space consists of a number of different health-care suppliers, corresponding to Elmhurst Hospital, Hines VA Medical Middle, Cardio Medical Middle and Loyola College Medical Middle.
Partnership offers in 2023
The partnership between Treatment Medical and Kayne Anderson kicked off 2023 with the acquisition of a group of 13 medical workplace belongings totaling 300,328 sq. toes. Montecito Medical bought the portfolio for $131 million.
Extra not too long ago, the three way partnership bought two medical workplace buildings in Fayetteville, Ga. The services had been acquired from Piedmont Healthcare via a 70-year floor lease with a 15-year extension choice.
