Chicago & Midwest + Downtown + Healthcare | April 9, 2021

General Capital Plans Major Build-to-Suit Project in Illinois Medical District

Wisconsin-based General Capital has hired the Chicago office of CBRE to lease a build-to-suit project it’s planning in the Illinois Medical District. Crain’s Chicago Business reported that the building, which could be as large as 500,000 square feet, is being marketed to prospective users as medical offices, life sciences lab space, or educational or health-tech commercial space.

General Capital signed a 100-year lease for the IMD-owned property last year after the District selected it as the prospective developer. It will be built along what CBRE calls the “Wood Street Medical Mile,” where properties include Rush University Medical Center, the John H. Stroger Jr. Hospital of Cook County and UI Health.

“You’ve got an active biohealth ecosystem, you’ve got active [public] transit, you’ve got a lot of activity and a lot of potential users,” said General Capital’s Linda Gorens-Levey. “You’ve got a lot of different factors to make this a reality.”

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-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 15-20 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).