Marcus & Millichap finalized the sale of 2500 W. Illinois Ave., a 19,547-square-foot medical office building in Midland. Terms of the sale weren’t disclosed.
Alex Sacks, Brett Rodgers and Frank M. Roti, investment specialists in Marcus & Millichap’s Chicago Downtown office, marketed the property on behalf of the seller and also secured the buyer. Tim Speck assisted on the transaction as Marcus & Millichap’s Texas broker of record.
2500 W. Midland is two blocks away from Midland Memorial Hospital. The multi-tenant building was constructed in 1955, but saw a full rebuild in 2013.
Anchoring the property is Midland Women’s Clinic, which is the largest women’s healthcare practice in western Texas. Other tenants include Cook Children’s Clinic and LabCorp.
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.
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