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Hinsdale MOB Portfolio Gets New Ownership
CBRE recently completed the sale of the Salt Creek Medical Campus, a four-building medical office portfolio in Hinsdale, IL. The seller was Chicago-based MedProperties Group, which acquired three of the four buildings in 2012 and 2013, then developed the fourth as a build-to-suit.
Chris Bodnar, Lee Asher, Ryan Lindsley and Jordan Selbiger of CBRE’s U.S. Healthcare and Life Sciences Capital Markets partnered with Gary Fazzio from CBRE’s Chicago office on the transaction. The buyer was a confidential entity.
“Similar to the financial crisis, COVID-19 has put the spotlight on the medical office sector, showcasing its resiliency during turbulent times,” said Bodnar. “Investors are flocking to defensive positions, and the Salt Creek Medical Campus is a great example of an investment offering durability of income through well-positioned tenants such as Edward-Elmhurst Health, AMITA Health, Adventist Health and University of Chicago Medicine.”
Pictured: 8 Salt Creek Ln. in Hinsdale, which MedProperties developed as a build-to-suit.
For comments, questions or concerns, please contact Paul Bubny
- ◦Sale/Acquisition
