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CA Health and Science Trust Acquires MOB Near Advocate Sherman Hospital
CA Health and Science Trust, Inc. (CAHST) closed on the acquisition of a medical office property in Elgin, IL. The investment was the result of an off-market transaction with a publicly traded REIT. The more than 95,000-square-foot building spanning four stories is home to numerous prominent healthcare tenants including Derick Dermatology, Suburban Orthopedics and Northwestern Medicine.
“The Elgin acquisition is the product of our team’s strong relationship and history with the seller, allowing us to have a direct conversation to structure a mutually beneficial transaction,” said Russell Brenner, president of CAHST. “I couldn’t be more pleased with the early momentum CAHST continues to see and am delighted to add the Elgin property and its excellent roster of healthcare provider tenants to our growing portfolio.”
Situated at 1600 Randall Rd. in Elgin, the property is adjacent to the 225-bed Advocate Sherman Hospital, part of the not-for-profit, Advocate Aurora Health system.
- ◦Sale/Acquisition
