Capital Healthcare Properties, in partnership with HSG Medical, has completed the acquisition of a free-standing medical and retail property in Lombard, Illinois.

The asset was sold by a Special Servicer who was represented by Frontline Real Estate Partners. Capital Healthcare and HSG Medical acquired the 21,070-square-foot building located at 2830 S. Highland Avenue.

Following the acquisition, the joint venture executed a long-term lease with Duly Health and Care, bringing the property from 33% leased to 100% leased. The property also features several retail tenants, including Potbelly’s restaurant and SimonMed Imaging.

“Unanchored retail centers have become highly sought after by real estate investors primarily because of their defensibility against e-commerce and other factors, including decreasing supply.” said Daniel Ahlering, Principal, Capital Healthcare Properties. “The in-demand nature of the asset profile combined with the strong medical tenancy give us the conviction that when fully occupied, the property will be comparable to the highest quality medtail buildings in the region.”

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