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.

WOODLAND TRAILS MEDICAL CENTER FOR PRE-LEASE

Medical office space for pre-lease at Woodland Trails Vernon Hills, IL 60061 (Lots 1-4)

Quick Notes:
• Three Single Story Medical Office Buildings
• Building One – 20,000SF Available for Pre-Leasing
• Delivery Fall 2011
• Rental Rates $28.50 Gross
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.

ST. ALEXIUS MEDICAL CAMPUS - FOR SALE OR LEASE - HOFFMAN ESTATES

Medical office space for sale or lease at 1585 Barrington Road, Suite 601, Hoffman Estates, Illinois

Quick Notes:
• Large, Open Reception/Waiting Room
• 4 Exam Rooms with Sinks
• 4 Doctors’ Offices
• For Sale $629,000 ($227.57/SF)
Learn more here.

TWO NEW MEDICAL OFFICE BUILDINGS - FOR LEASE - BOLINGBROOK, IL

Medical office space for lease at 550-564 & 570-578 West Boughton Road Bolingbrook, IL
60440

Quick Notes:
• Two New Medical Office Buildings
• Excellent Exposure on Busy West Boughton Road
• Near Adventist Bolingbrook Hospital & Edward Hospital
• $22- $25/SF for Shell – Will Build Out to Suit
Learn more here.

NEW TRIER MEDICAL CENTER - FOR LEASE

Medical office space for lease at 511 Lincoln Avenue, Winnetka, IL 60093

Quick Notes:
• Newly Renovated Medical Center – Available Fall 2011
• Heart of the North Shore – Highly Desirable Downtown Winnetka
• Abundant Parking
• 34,000 Commuter Views Everyday
Learn more here.

PROFESSIONAL/MEDICAL OFFICE - HINSDALE, IL

Medical office space for lease at 500 East Ogden Avenue Hinsdale, Illinois 60521

Quick Notes:
• 8,579 RSF Available – 2nd Floor – Divisible
• Currently Built Out for Half Medical, Half Office
• Immediately West of Interstate 294
(Tri-State Tollway)
Learn more here.

Where Are We At Today?

The article by Stephen M. Doyle from the McShane Development Company, "New Pulse of Healthcare Development," has some great information from National Realty Network's own Patrice Marks. In the article she speaks about how more physicians are looking to share their space with other practices or are thinking about the choice of using a timeshare. The article covers things from "leasing strategies" to "timeshare options" and much more. To check out this great source for anyone involved in the medical real estate field, click here and download the PDF.

3 Reasons To Go Electric

The article, "3 Reasons Why Hospitals Should Adopt Electronic Health Records" explores why more and more hospitals are using electronic health records. The article states that the three reasons are to enhance efficiency, receive government instigation, and to prevent penalties. Hospitals should start to embrace implementing electronic health records because they may be able to receive $44,000 in the next five years. To read more about the the trio of reasons to use electronic health records in your medical office space click here.