NEW LENOX, IL-A partnership of Heitman LLC and newly-formedNexCore Healthcare Capital Group has recently broken ground on anew $52 million medical office building here on the 76-acre campusof a new hospital. The 182,000-square-foot, six-story, what theventure calls a medical services building, is expected to becomplete by the end of 2011.
The new building joins another 56,000-square-foot medical officethat was completed on the site in November 2009. Construction isstill underway on the main building, the $400 million new SilverCross Hospital, a replacement for the nearly century-old hospitalabout three miles to the west.
Heitman provided the equity for the project. Denver-basedNexCore, which was formed after a few NexCore Group’s investorstook over the public company last month, will own this new MOBfacility. This building is one in a series of projects to be fundedin the next year by the new firm, says Greg Venn, president andCEO.
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