Lillibridge Healthcare Services Inc. Acquires Advocate MOBs

Liillibridge, the nation’s largest owner and manger of medical office buildings acquired 409,000 SF MOB space on five Advocate Health Care hospitals in the Chicago area. Lillibridge now owns and manages 19 buildings totaling 790,000 SF on six Advocate campuses.

 “We have developed a strong relationship with Advocate and understanding of their mission and values, after many years of collaborating with them on several projects within their system, hospitals and the Advocate Medical Group” said Todd W. Lillibridge, President and CEO of Lillibridge Healthcare Services and Executive Vice President of Medical Property Operations of Ventas. “This MOB portfolio acquisition is another important step towards achieving our mutual goal for implementing and supporting today’s outpatient-focused healthcare delivery models.

2013 Emerging Trends in Real Estate report from Urban Land Institute PwC, "medical office space presents compelling investment opportunities as the nation's health care industry balloons to take care of graying baby boomers."

 For the full article: http://www.globest.com/news/12_674/chicago/medical_office/Lillibridge-Acquires-409K-SF-Portfolio-336760.html?ET=globest:e39890:22479a:&st=email&s=&cmp=gst:Chicago_AM_20130819:editorial

New Medical Office Building

According to an article from ChicagoRealEstateDaily.com, Rendina Cos. is planning on building a 47,159-square-foot medical office building in New Lennox, a suburb of Chicago. The plans for the Provena Medical Arts Pavilion call for a $6 million budget and will be run by Provena Health. To take a look at the article, click here.

PROFESSIONAL/MEDICAL OFFICE - CHICAGO, IL

Medical office space for lease at 7000 W. North Avenue Chicago, Illinois 60707

Quick Notes:
• New Owner — New Upgrades — Rebuilt in 2005
• Beautifully Built Out Medical Suites Available
• Varied Configurations Some with Jacuzzi and Shower
• Ask Us About Rent Concession During Build Out Period
Learn more here.

RAVENSWOOD PROFESSIONAL BUILDING - FOR LEASE

Medical office space for lease at 1945 W. Wilson Avenue Chicago, IL 60640

Quick Notes:
• Suites Built Out for Medical/Dental
• Less than 2 Miles from Weiss Memorial & Swedish Covenant Hospitals
• $25/RSF Modified Gross
• $30/RSF (1st Floor)
Learn more here.