JLL has successfully facilitated the sale of a portfolio consisting of four mission-critical medical properties, totaling over 181,000 square feet. The properties are strategically located in Chicago, Illinois as well as Arizona and Florida.
The seller, Flagler Healthcare Investments, was represented by JLL’s Medical Properties Group Advisory team led by Senior Managing Director Mindy Berman along with Director Matt DiCesare and Associate Liam Sorensen. The buyer was procured by Chicago-based Remedy Medical Properties and its partner Kayne Anderson Real Estate.
The portfolio boasts a high occupancy rate of 99% with long-term leases in place for all properties. One property included is the Elgin Professional Plaza situated at 750 Fletcher Drive in Elgin. Additionally, the other two assets are Oasis Surgical Hospital in Arizona and Baptist Health City I & II in Florida.
According to Berman,”This investment opportunity stood out due to its strong tenant mix, extended lease terms,and prime market locations.”
In March 2024 , Joe’s Live at Rosemont,Illinois will host Connect Industrial Midwest . For further details on registration , please click here .
A $86 million transaction marks the recent sale of a medical building portfolio that includes four critical facilities spanning across three states – Illinois (Chicago), Arizona,and Florida.The seller Flagler Healthcare Investments entrusted JLL to facilitate this deal while Remedy Medical Properties based out of Chicago partnered up with Kayne Anderson Real Estate for making this purchase possible.Joe’s Live,Rosemont,Illinois will be hosting Connect Industrial Midwest on March5th2024.For more information about registration,you can visit our website.
