The transaction involved a medical office asset located at 1770 1st Street in Highland Park, Chicago. The property encompasses 55,033 square feet and features 17 leased apartment units along with 36,000 square feet designated for medical office use. The sale price was set at $7,400,000, leading to a price per square foot of $134. Additionally, the building includes a public parking garage and is strategically positioned near the Highland Park Metra stop.

Summary of transaction details:

• Property Type: Medical Office
• Transaction Amount: $7,400,000
• Square Footage: 55,033
• Price per Square Foot: $134
• Buyer: QMR Partners
• Seller: Fulton Design + Build
• Brokers: Alissa Adler, John Homsher, Lauren Stoliar & Tyler Hague - Colliers

Colliers played a vital role in facilitating this sale, connecting the buyer, QMR Partners, with the seller, Fulton Design + Build. The involvement of Alissa Adler, John Homsher, Lauren Stoliar, and Tyler Hague highlights the collaborative effort in managing this commercial property transaction.