**Capital Healthcare Properties and HSG Medical Acquire Fully Leased Medtail Asset in Lombard, IL**
Capital Healthcare Properties, in partnership with HSG Medical, has completed the acquisition of a free-standing medical and retail property located at 2830 S. Highland Avenue in Lombard, Illinois.
The 21,070-square-foot building was previously owned by a Special Servicer and marketed by Frontline Real Estate Partners. The acquisition marks a strategic investment into a mixed-use healthcare and retail asset representing the evolving landscape of medtail real estate.
Following the acquisition, the joint venture signed a long-term lease with Duly Health and Care, increasing the property’s occupancy from 33% to 100%. The asset also includes established retail tenants such as Potbelly Restaurant and SimonMed Imaging.
“Unanchored retail centers have become highly sought after by real estate investors primarily because of their defensibility against e-commerce and other factors, including decreasing supply,” said Daniel Ahlering, Principal at Capital Healthcare Properties. “The in-demand nature of the asset profile combined with the strong medical tenancy gives us the conviction that when fully occupied, the property will be comparable to the highest quality medtail buildings in the region.”
In related news, the real estate industry is gearing up for the upcoming Connect Midwest Multifamily conference, to be held on June 4, 2025, at The Midland Hotel in Chicago, IL. The event will feature a Lifetime Achievement Award presentation and a keynote interview with Greg Mutz, Chairman and CEO of Amli Residential Partners, LLC, conducted by Fred Schreiber, Chief Operating Officer.
Industry professionals are encouraged to register and attend for valuable networking opportunities.
