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MCB Science + Health Acquires Naperville MOB for $28M
MCB Science + Health has acquired 1331 West 75th Street, a more than 72,000-square-foot medical office building in Naperville, Illinois, for $28 million.
The four-story asset, iMed Naperville Medical Office, was 96 percent leased and occupied at the time of the sale and anchored by Endeavor Health (formerly Edward-Elmhurst Health), which is part of an integrated health system in Illinois that serves more than 1.3 million patients across Chicagoland. MCB Science + Health, a division of Baltimore-based MCB Real Estate, acquires and develops projects serving the life sciences, medical office, and senior housing sectors. Jason St. John, Managing Partner, Greenstone Partners, represented the seller, DynaCom Management, Inc., in this transaction.
“The MCB Science + Health team brings deep experience in the medical office building sector, an asset class that is thriving, and iMed Naperville is an institutional-quality project offering every important fundamental necessary to ensure its long-term success,” said Wilkingson Germain, CEO and Managing Partner, MCB Science + Health.
