Stage Equity Partners, an affiliate of Stage Equity, has successfully acquired the Hollister Medical Office Portfolio in Libertyville. The portfolio consists of two buildings spanning 91,818 square feet and was previously owned by international medical supply manufacturer Hollister Incorporated. With its corporate headquarters located in a nearby 300,000-square-foot building.
This off-market transaction was facilitated by Gino Lollio from Cushman & Wakefield on behalf of Hollister Incorporated. Wintrust Bank provided financing for Stage Equity’s acquisition while NAI Hiffman’s Jason Werth and Tabitha Dozier have been appointed as exclusive leasing agents for the portfolio.
The properties included in this deal are a three-story building covering 57,585 square feet and another three-story building spanning over 34,233 square feet. These buildings are strategically situated near Advocate Condell Medical Center and Northwestern Lake Forest Hospital as well as popular retail destinations like Hawthorn Mall and Melody Farm Lifestyle Center. At the time of purchase, both buildings had an occupancy rate of approximately 80%.
This successful acquisition marks another milestone for Stage Equity Partners’ growing portfolio within the medical office sector.
