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Chicago & Midwest  + Greater Chicagoland  + Healthcare  | 

Physician Partnership Sells Naperville Gastroenterology Real Estate

Physician Real Estate Capital Advisors (PRECAP) closed the $15.2-million sale of the Suburban Gastroenterology and Midwest Endoscopy Center located at 1243 Rickert Dr. in Naperville, IL. Managing principal Scott Niedergang represented the seller, a physician partnership, and introduced the buyer, one of the nation’s largest privately held companies specializing in healthcare-related real estate acquisitions. 

The 19,900-square-foot facility, built in 2008, is utilized by Suburban Gastroenterology, Ltd. and Midwest Endoscopy Center, LLC (MEC), a four operating room ambulatory surgery center. MEC is 51% owned by NorthShore University HealthSystem, with the balance owned by physicians affiliated with SGI. 

 “PRECAP was engaged by the physician-sellers to run a competitive marketing process that yielded multiple offers from the most active, and competitive, investors in the healthcare real estate sector,” said Niedergang. “Our relationships and marketing strategy resulted in a record-setting price per square foot for a healthcare facility in the western suburbs.” 

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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).

  • ◦Sale/Acquisition