The property involved in this lease transaction is located at 3154 N Clark St, Chicago, IL, 60657. It encompasses a total square footage of 50,500, comprising 40,400 square feet of ground-floor space and 10,100 square feet of basement space. Additionally, there is a two-story parking facility capable of accommodating 115 vehicles. This former Sports Authority property in the Lakeview neighborhood will be transformed into a new medical office center by Advocate Health Care, facilitating a range of clinical and ancillary operations.

Summary of transaction details:

• Property Type: Lease
• Transaction Amount: Not specified
• Tenant: Advocate Health Care
• Landlord: Next Realty LLC
• Market: Chicago
• Tenant's Representative: Gary Fazzio-CBRE
• Landlord's Representative: Amy Levin-Next Realty
• Completion of renovation scheduled for early 2018

Gary Fazzio and Sharon Kahan of CBRE represented Advocate Health Care in the lease transaction, while Amy Levin of Next Realty represented the landlord, Next Realty LLC. The property will accommodate services such as internal medicine, cardiology, cardiac testing, obstetrics, endocrinology, neurology, X-ray, and laboratory services. Demolition and construction are currently underway as part of the conversion process.