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Chicago & Midwest  + North Side  + Office  | 

Ravenswood MOB Trades for $14M

Cushman & Wakefield’s Healthcare Capital Markets team represented owner 1945 W. Wilson LLC in the $13,850,000 sale of a multi-tenant, 68,070-square-foot six-story medical office building at 1945 W. Wilson Ave. in the North Side’s Ravenswood neighborhood.

Known as 1945 W. Wilson, the property is located on the grounds of the former Ravenswood Hospital, and sits adjacent to The French International School, Lycée Français de Chicago and Evergreen Real Estate Group’s new 193-unit senior housing project. Constructed in 1972 and renovated in 2015, the building was 98% occupied at sale.

The seller was represented by Gino Lollio and Scott Niedergang, along with colleagues Cody Hundertmark and Tom Sitz. The team also procured the buyer, a New England-based investor.

“The property’s strong attributes, including high historical occupancy, revenue-generating parking lots and tenant synergies, paired with the positive market characteristics of Ravenswood, produced a highly competitive bidding environment for this offering,” said Lollio.

For comments, questions or concerns, please contact Paul Bubny

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Inside The Story

Connect With Cushman & Wakefield’s Lollio and Niedergang

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-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 7-10 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
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