ELGIN, IL-A venture led by Chicago-based Harrison Street Real Estate Capital has purchased a medical office building on Randall Road here for $33.6 million.
Property records show the Harrison Street venture purchased the five-story 93,000-square-foot building at 1435 Randall Road from a venture led by the Appleton, WI-based development firm Boldt Co., according to Crain's Chicago Business. Boldt retained a 4% ownership interest in the property after the sale and will continue to be responsible for the building's leasing and management
The property, which is attached to Advocate Sherman Hospital, is fully leased. Earlier this year, Harrison Street spent more than $500 million for 22 medical office buildings in the Washington, DC area. See story in Crain's Chicago Business.
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John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
