hsa|pRIMEcARE MAKES NEW MEDICAL OFFICE BUILDING ACQUISITION IN DOWNERS GROVE, ILL.
May 16, 2007
(Chicago – May 16, 2007) John Wilson, president, HSA|PrimeCare, the health care real estate division of HSA Commercial Real Estate, announced that the firm has acquired 6800 Main Street, Downers Grove, Ill., a 37,780-square-foot medical office building that is 94% occupied.
This 3-story multi-tenant medical office building is situated on approximately 3.11 acres and comprised of individual dental and medical offices, some whom have occupied the building for over 20 years. The building was constructed in 1974.
HSA|PrimeCare also plans to develop a 35,000-square-foot medical office building on 2.15 acres of vacant ground it purchased next door at 6840 Main Street. This established medical office location is surrounded by public parks, professional offices and residential.
Along with this acquisition, HSA is in the process of developing 4 new medical office buildings in the Chicago metropolitan area. The total medical portfolio is now valued at over $100 million. The seller, a private investor, was represented by Young Kim of Coldwell Banker.
Celebrating 26 years of excellence in commercial real estate, Chicago-based HSA Commercial Real Estate is a full-service real estate firm specializing in office, industrial, retail and health care real estate leasing, management, marketing, development and financing on a national basis. The firm and its principals have developed and acquired more than 30 million square feet of commercial real estate across the United States with total consideration in excess of $1.5 billion, its brokerage divisions have completed more than 7,000 transactions in 43 states representing both owners and tenants, while the asset management division currently manages a property portfolio in excess of 15 million square feet in 12 states and the firm presently owns over 17 million square feet of commercial property in 14 states.
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