CHICAGO—Patriot Equities has just bought the95,869-square-foot Tenet Healthcare MacNealHospital medical office portfolio in suburban Berwyn fromChicago-based Heitman, a real estate investmentmanagement firm. According to Cook County propertyrecords, the Philadelphia-based Patriot paid $15.3 million for thethree buildings, currently leased to Tenet Healthcare's MacNealHospital under a long-term lease.
“This is proof-positive of the strength of the demand forstrategically located medical properties that are also long-termassets for national hospitals,” Mike Wilson,principal for Avison Young, tells GlobeSt.com.“That really carried the day.”
Wilson and Avison Young principal Erik Fosterhandled the sale.
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Brian J. Rogal
Brian J. Rogal is a Chicago-based freelance writer with years of experience as an investigative reporter and editor, most notably at The Chicago Reporter, where he concentrated on housing issues. He also has written extensively on alternative energy and the payments card industry for national trade publications.
