NAI Hiffman Arranges MOB Portfolio Lease
- May 22, 2018
NAI Hiffman has arranged five medical office leases in the state of Illinois. Vice Presidents Brian Edgerton and Adam Johnson led the negotiations.
Located at 10837 S. Cicero Ave. in Oak Lawn, The Oak Lawn Medical Center was subject to a lease extension with Advocate Health Care, which currently occupies 12,195 square feet. Edgerton represented Healthcare Trust Inc., while CBRE Vice Chairman Gary Fazzio and Associate Alli Fazzio represented Advocate Health Care. The asset will also benefit from two medical suites, ranging between 3,300 and 4,100 square feet, which will be available later this year.
Oak Brook Allergists repositioned two of its medical offices, a 2,432 square-foot facility located at 360 W. Butterfield Road in Elmhurst, and a 1,594-square-foot property located at 6800 Main St. in Downers Grove. Real Estate Consultants of Illinois LLC President & Resident Broker James Hopkins and Cawley Chicago Commercial Real Estate Executive Vice President Rawly Lantz represented the owner in the transactions.
MedProperties Group also leased two new properties. Rogers Behavioral Health will lease 11,110 square feet, while Advanced Pediatrics will occupy 1,739 square feet at 907 N. Elm St. in Hinsdale. Jones Lang LaSalle Senior Vice President Sylvia VanLoveren represented Rogers Behavioral Health and Bespoke Commercial Principal Bill Lussow represented Advanced Pediatrics. Located within the Salt Creek Medical Campus, the property is currently 60 percent occupied, according to NAI Hiffman.
Late last month, NAI Hiffman completed a lease renewal at 355-259 Longview Drive in Bloomingdale, Ill., on behalf of owner Stockbridge Capital Group.
Photo courtesy of NAI Hiffman