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Chicago & Midwest  + Greater Chicagoland  + Office  |  November 11, 2020
Paul Bubny
By: Paul Bubny

Marcus & Millichap Finalizes Deal for DuPage MOB

Marcus & Millichap closed on the sale of DuPage Medical Group, a 6,600-square-foot net-leased property located in Oak Lawn, IL. The medical office building sold for $1,596,019.

First VP Dominic Sulo and senior associate Richard Kozarits, based in Marcus & Millichap’s Chicago Oak Brook office, marketed the property on behalf of the seller, a partnership. The buyer, a limited liability company, was secured and represented by Sulo and Kozarits.

Financing was obtained on behalf of the buyer by SVP Dean Giannakopoulos and senior director Frank Montalto with Marcus & Millichap Capital Corporation. An attractive, 10-year fixed term, with 30-year amortization and 3.70% interest rate was secured from a balance sheet lender.

DuPage Medical Group is located at 4861 W. 95th St in Oak Lawn, near the intersection of 95th Street and Cicero Avenue and minutes from Midway International Airport. The deal went from contract to close in 29 days.

For comments, questions or concerns, please contact Paul Bubny

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Connect With Marcus & Millichap’s SuloConnect With MMCC’s Giannakopoulos

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).
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