MLL Capital Plots $500M Medical Office Portfolio

Photo of Chicago by Shutterstock

CHICAGO—MLL Capital has acquired a 63,067-square foot medical office building in the Ravenswood neighborhood on Chicago’s North Side. The transaction is part of the commercial real estate investor’s plan to build a $500 million portfolio of institutional assets in the medical office, laboratory and life sciences sector.

“The COVID-19 pandemic demonstrates that healthcare and scientific research are foundational elements of our society and our economy,” said MLL Capital president and founder Kyle O’Connor in announcing the purchase. “As we emerge from the crisis, we believe that healthcare and scientific advancement will have a renewed public policy focus, providing a catalyst for further investment into and support of these fields,” O’Connor added.