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Re:Cognition Health Leases Medical Office Space On East Ontario Street In Chicago

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LEASED
$35

Illinois

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Medical Office3,200 SF
Leased
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LEASED

Re:Cognition Health Leases Medical Office Space On East Ontario Street In Chicago

142 E Ontario St Chicago, IL 60611, USA

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Medical Office3,200 SF
Leased
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Summary

ILLINOIS
Asset Type:Medical Office
Price Per Square Foot:$35
Total Square Footage:3200 SF
Transaction Type:Lease

Re:Cognition Health, a London-based cognitive health provider specializing in Alzheimer's and dementia treatment, has secured a new office space at 142 East Ontario Street in Chicago's North Michigan Avenue submarket. The medical office property is ideally located near downtown hospitals, contributing to the increased demand for such facilities in the area. The office space spans 3,200 square feet, and the asking rent is $35 per square foot.

Summary of transaction details

  • Property Type: Medical Office
  • Transaction Amount: N/A
  • Address: 142 East Ontario Street
  • Market: Chicago
  • Tenant: Re:Cognition Health
  • Broker: Andy DeMoss - Bradford Allen
  • Asking Rent: $35/ft.
  • Square Footage: 3,200

Andy DeMoss of Bradford Allen facilitated the arrangement of the new office space for Re:Cognition Health. His expertise and knowledge of the North Michigan Avenue submarket played a crucial role in identifying a suitable location for the London-based cognitive health provider. By securing this new space, Re:Cognition Health can now expand its services and contribute to the well-being of patients in the area.

Players

Andy DeMoss
1 deal(312) 994-5767
BROKER

Details

LEASED
IMAGE: Andy DeMoss DATE: 06/22/2023 ADDRESS: 142 East Ontario Street MARKET: Chicago ASSET TYPE: Medical Office TENANT: Re:Cognition Health BROKER: Andy DeMoss - Bradford Allen ASKING RENT: $35/ft. ~ SF: 3,200 NOTE: Andy DeMoss of Bradford Allen has seen increased demand for medical office deals in Chicago's North Michigan Avenue submarket due to its proximity to downtown hospitals. He recently arranged a new office space for Re:Cognition Health, a London-based cognitive health provider specializing in Alzheimer's and dementia treatment.

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Deal Type
Effective Rent (Annual)

$128,395.45

Total Lease Value

$1,283,954.48

Net Landlord Cash Flow$128,395.45