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Chicago & Midwest  + Chicago  + Greater Chicagoland  + Healthcare  | 

Medical Building Portfolio Trades for $86M

JLL has arranged the $86 million sale of a collection of four medical properties totaling over 181,000 square feet located in the Chicago, Illinois, area as well as Arizona and Florida.

JLL worked on behalf of the seller, Flagler Healthcare Investments, and procured the buyer, Chicago-based Remedy Medical Properties and its partner, Kayne Anderson Real Estate. The JLL Medical Properties Group Advisory team was led by Senior Managing Director Mindy Berman, Director Matt DiCesare and Associate Liam Sorensen.

The properties in the portfolio are 99 percent leased. The Chicago area property is the Elgin Professional Plaza, located at 750 Fletcher Drive in Elgin. The other properties in the portfolio include the Oasis Surgical Hospital in Arizona and the Baptist Health City I & II buildings in Florida. “The portfolio’s strong tenant mix, long remaining lease terms and strategic market locations made this an ideal investment opportunity,” said Berman.

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Inside The Story

JLLKayne AndersonRemedy Medical PropertiesFlagler Healthcare Investments

About Jasmine Kilman

Jasmine Kilman is Content Director of Connect Commercial Real Estate, covering Chicago and greater Chicagoland, the Midwest, Seattle, and the Pacific Northwest. She covers industry trends, transaction deals, market research, and produces daily news stories. With experience in marketing and communications for academic nonprofits and corporate clients, including Hearst Media, Hilton, and Coldwell Banker, Kilman has written about commercial real estate, environmental, social, and corporate governance (ESG), technology, healthcare, and philanthropy. She was born and raised in California and graduated with a degree in public relations. In her spare time, Kilman enjoys hiking and traveling to new locations with her family.

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