The medical office building located at 1001 Commerce Drive in Oak Brook, IL, has a total area of approximately 78,000 square feet. The asset was sold for $58 million, representing a price per square foot of $744. This seven-story property was developed by Harrison Street and MedProperties Group, with its opening in 2024 marking its continued operation in the healthcare sector.

Summary of transaction details:

• Property Type: Medical Office
• Transaction Amount: $58,000,000
• Square Footage: 78,000
• Address: 1001 Commerce Drive
• Market: Oak Brook, IL
• Buyer: Northwestern Medicine
• Seller: Christopher Merrill - Harrison Street; Matthew J. Campbell - MedProperties Group
• Price Per Square Foot: $744

A Northwestern Medicine affiliate transitioned from being a tenant to an owner through this acquisition, reflecting the ongoing demand for medical office real estate as outpatient healthcare continues to perform well in the commercial property market.