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Remedy Medical Properties Acquires Property In Merrionette Park Represented By Drew Neems Of NorthMarq

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SOLD
Theron May
Drew Neems

Illinois

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Medical Office99,210 SF
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SOLD

Remedy Medical Properties Acquires Property In Merrionette Park Represented By Drew Neems Of NorthMarq

11560 S Kedzie Ave, Chicago, IL, 60803

See Similar Deals
Medical Office99,210 SF
Theron May
Drew Neems
the dealplayerscompscontact
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Summary

ILLINOIS
Asset Type:Medical Office
Price Per Square Foot:$0
Total Square Footage:99,210 SF
Transaction Type:Sale

The property asset involved in the transaction is a medical office center located at 11560 S Kedzie Ave, Chicago, IL, 60803. It consists of 99,210 square feet and is situated in the Merrionette Park market. The construction of the property was completed in 2004, and it is maintained by on-site management and maintenance.

Summary of transaction details:

  • Property Type: Medical Office Center
  • Transaction Amount: Undisclosed
  • Seller's Representative: Drew Neems - NorthMarq
  • Buyer: Remedy Medical Properties
  • Market: Merrionette Park
  • Square Footage: 99,210 SF
  • Anchor Tenants: Advocate and Fresenius

Drew Neems, vice president – acquisitions and dispositions at Imperial Realty, represented the seller, DIR Development, in this transaction. The buying side was managed by Joe Magliochetti, CIO of Remedy Medical Properties, and Jack Gavin, senior vice president of investments. This deal highlighted continued interest in medical office properties, demonstrating resilience against market fluctuations.

Players

Drew Neems
NorthMarq
Drew Neems
9 deals$45.4M volume(847) 284-0493
BROKER
Theron May
Imperial Realty Company
Theron May
6 deals$20.3M volume
BROKER
Remedy Medical Properties
Remedy Medical Properties
BUYER

Details

SOLD
IMAGE: 11560 S Kedzie Ave, Chicago, IL, 60803 MARKET: Merrionette Park SELLER'S REP: Drew Neems -NorthMarq BUYER: Remedy Medical Properties SF: 99210

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