HSG Medical and Capital Healthcare Properties have completed the sale of the Advocate Health Care Cardiovascular ASTC & Outpatient Center in Naperville, Illinois, transferring the newly redeveloped medical facility to Advocate Health and Hospitals Corporation. The single-tenant property, located at 1836 Freedom Drive within the Freedom Commons mixed-use development, traded for $23.4 million. Advocate Health and Hospitals Corporation is a wholly owned subsidiary of Advocate Health, described as the third-largest nonprofit health system in the United States.
The building totals 42,438 square feet and is configured as a single-story, single-tenant medical facility. HSG Medical and Capital Healthcare Properties served as the developers of the project, which converted an existing structure into a modern cardiovascular ambulatory surgery center and outpatient facility. The redevelopment is characterized in the source as state-of-the-art, reflecting a full modernization of the prior building into specialized healthcare space.
Advocate Health Care Cardiovascular ASTC & Outpatient Center benefits from its position at the gateway to Naperville within Freedom Commons, a mixed-use environment that provides a broader commercial setting around the healthcare use. The site offers direct access to Interstate 88, giving the facility convenient regional connectivity for patients, staff, and visitors. The property is also described as being in close proximity to several of the region’s top-ranked hospitals, reinforcing its role within a larger medical ecosystem.
The transaction involved representation from two national brokerage firms. Alex Sharrin of JLL represented the sellers, HSG Medical and Capital Healthcare Properties, in the disposition of the property. On the buy side, Tom Hollinden of CBRE represented Advocate Health and Hospitals Corporation in its acquisition of the facility. The sale was conducted as a direct transaction between the original developers and the healthcare system affiliate that acquired the building.
The redevelopment of the existing structure into a cardiovascular ambulatory surgery center and outpatient facility illustrates a reuse of an established building footprint rather than ground-up construction. Within the Freedom Commons mixed-use setting, the upgraded medical facility adds a specialized healthcare component alongside other uses, supported by strong transportation access and nearby hospital infrastructure. The combination of a single-tenant, purpose-built medical environment and adjacency to major healthcare institutions positions the property as a dedicated outpatient node within Advocate Health’s broader network.
