Chicago building with medical office bought for $20M

A building with 104,000 square feet of medical office space in Chicago has sold at auction for a little over $20 million, according to a Feb. 27 report from the Real Deal

The property was last sold in 2004 for $89 million to the Principal Financial Group. The building also has 95,000 square feet of retail space, which is just 15% occupied. 

The medical office space is 88% leased. The building was sold to Farpoint Development.

Copyright © 2024 Becker's Healthcare. All Rights Reserved. Privacy Policy. Cookie Policy. Linking and Reprinting Policy.


Featured Webinars

Featured Whitepapers

Featured Podcast